Date: October 15, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

The company has received requests for reclassification that will require consideration/approval by the Board of Directors. The requests are subject to approval of the Board of Directors and Stock Exchanges as per Regulation 31A of SEBI Listing Regulations.

Financial Results

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Promoter Group Reclassification Requests

The company received four separate but identical requests dated October 15, 2026 from promoter group members seeking reclassification to public category shareholders under SEBI Regulation 31A:

Shareholding Details:

  • Jayesh Madhusudan Soni: 10,000 equity shares (0.01%)
  • Shruti Sharad Dhamdhere: 10,000 equity shares (0.01%)
  • Dhanyakumar Kishor Gadiya: 5,000 equity shares (0.00%)
  • Payal Akshay Kulkarni: Nil shares (NA)

Rationale for Reclassification:

All four requesters state they were classified as promoter group members solely because they received equity shares as gifts from existing promoter/promoter group members. They confirm:

  • They are not engaged in management decisions
  • They do not exercise control over company affairs including strategic decision-making
  • Their classification is merely due to receiving shares via gift under Regulation 31A

Undertakings Provided:

Each requester confirmed and undertook that:

  • They along with 'persons related' (as defined in Regulation 31A(1)(b)) do not hold more than 10% of total voting rights
  • They do not exercise control over company affairs directly or indirectly
  • They do not have any special rights through formal or informal arrangements including shareholder agreements
  • They are not represented on the Board of Directors (including as Nominee Director)
  • They are not acting as Key Managerial Persons in the company
  • They are not 'wilful defaulters' per RBI guidelines
  • They are not fugitive economic offenders

Post-Approval Undertakings:

If approved, each requester undertakes to:

  • Continuously comply with conditions mentioned in sub-clauses (i), (ii), and (iii) of Regulation 31A(3)(b)
  • Comply with conditions in sub-clauses (iv) and (v) of Regulation 31A(3)(b) for at least three years
  • Not be in violation of SEBI circular no. SEBI/HO/MRD/DSA/CIR/P/2017/92 dated August 01, 2017
  • Not be in violation of Regulation 34 of SEBI (Delisting of Equity Shares) Regulations, 2021

Failure to comply with these conditions would result in reclassification back to promoter/promoter group status.

Approval Process:

The reclassification requests are subject to consideration/approval by the Board of Directors of the company and stock exchanges, along with other applicable conditions under Regulation 31A of SEBI Listing Regulations.