Key Business Matters Approved

1. Promoter Reclassification Approval

The Board considered and approved the request from M/s. Altius Buildcon Private Limited (referred to as 'Outgoing Promoter') to reclassify them from 'Promoter & Promoter Group' category to 'Public' category under Regulation 31A of SEBI (LODR) Regulations, 2015.

The request was received via letter dated September 10, 2026, and was previously intimated to exchanges on September 11, 2026.

Shareholding Details:

  • Altius Buildcon Private Limited held 0.00% shares in the company as of the date of their request (September 10, 2026)
  • The approval is subject to stock exchange approval

2. Appointment of Executive Director

The Board, on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Shrey Mukesh Ruia (DIN: 07576509) as an Executive Director (Additional Director) of the Company.

Appointment Details:

  • Effective Date: September 15, 2026
  • Term: Five (5) years
  • Subject to: Shareholder approval

Director Profile:

  • Mr. Shrey Ruia is described as a dynamic business leader with extensive experience in textile manufacturing
  • He has seven years of experience leading operations of a textile manufacturing unit
  • Educational Background: Graduate of Bryant University, USA
  • Expertise: Business management, operational efficiency, and strategic execution
  • Relationship: Relative of Chairman & Managing Director
  • Not debarred from holding director office by SEBI or any other authority
  • No directorships in other listed companies

3. Resignation of Whole Time Director

The Board accepted the resignation of Mr. Ravi Sanjay Jogi (DIN: 06646110) as Whole Time Director of the Company.

Resignation Details:

  • Effective Date: Close of business hours on September 15, 2026
  • Reason: Personal considerations and other commitments as stated in his resignation letter
  • Resignation includes all committees of the Company
  • Mr. Jogi confirmed no material reasons for resignation other than those stated

The Board placed on record their appreciation for Mr. Jogi's contributions during his tenure.

Financial Impact

No specific financial impact quantified in the disclosure. The promoter reclassification involves 0% shareholding, indicating no immediate capital structure impact.