Date: August 14, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
- The Board of Directors meeting was held on Friday, August 14, 2026.
- The Board considered request letters dated August 14, 2026, received from Ms. Smiti Somany and Ms. Pushpa Bagla (applicants and promoters) seeking re-classification from 'Promoter and Promoter Group' category shareholders to 'Public' category shareholders.
- The Board approved the Applicants' request for reclassification, subject to compliance with requirements under Regulation 31A of the LODR Regulations, including obtaining approval from shareholders as may be required.
Financial Results (Standalone & Consolidated)
Not Specified
Auditor’s Report
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Promoter Reclassification Details:
- The Board confirmed that the applicants along with persons related thereto as defined under Regulation 2(I)(pp) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018:
a) Do not hold more than ten percent of the total voting rights in the listed entity
b) Do not exercise control over the affairs of the listed entity, directly or indirectly
c) Do not have any special rights with respect to the listed entity through formal or informal arrangements including through any shareholder agreements
d) Are not being represented on the board of directors (including not having a nominee director) of the listed entity
e) Do not act as key managerial personnel of the listed entity
f) Are not 'wilful defaulter(s)' as per the Reserve Bank of India Guidelines
g) Are not fugitive economic offenders
- The Board noted that the applicants are not directly or indirectly associated with the business of the Company and do not have any influence over the business and policy decisions made by the Company.
- The applicants are not involved in the day-to-day activities of the Company nor are they exercising any control over the affairs of the Company.
- The reclassification will not have any impact on the operations of the Company, or on the Board/Management/Shareholders of the Company.
Regulatory Compliance:
- This intimation is submitted pursuant to Regulation 31A(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Continuation of intimation submitted to Stock Exchanges on August 14, 2026 vide letter no ICL/DS/2026-27/331