Board Meeting Details

The Board of Directors of Landsmill Green Limited held a meeting on Thursday, September 10, 2026, which commenced at 03:00 p.m. and concluded at 03:45 p.m. at the company's registered office in Mumbai.

Key Decision: Reclassification Approval

The primary outcome was the board's approval for the reclassification of three individuals from the status of "Promoter/Promoter Group Shareholder" to "Public Shareholder". The individuals are:

  • Ms. Ranjana Khurana
  • Mr. Arpit Khurana
  • Ms. Isha

This approval is granted under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is based on request letters received from these shareholders.

Conditions and Approvals Required

The board's approval is explicitly subject to two key conditions:

1. Receipt of no-objection from the Stock Exchanges (BSE Limited and National Stock Exchange of India Ltd).

2. Subsequent approval from the shareholders of the Company.

Shareholding Details

The aggregate shareholding of these three outgoing promoters was recorded as 4.58% of the total shareholding of the Company as of 07th September, 2026.

Declarations from Outgoing Promoters

The board noted confirmations from the outgoing promoters that they meet all criteria specified under Regulation 31A, including:

  • They collectively do not hold more than 10% of the total voting rights in the Company.
  • They do not exercise control over the affairs of the Company, directly or indirectly.
  • They have no special rights through formal or informal arrangements.
  • They have no representation on the Board of Directors.
  • They are not Key Managerial Personnel of the Company.
  • They are not classified as "wilful defaulters" per RBI guidelines.
  • They are not fugitive economic offenders.

Next Steps

The company will undertake the application process to the Stock Exchanges and other necessary steps for the reclassification in due course, in full compliance with SEBI LODR Regulations.

Authorization

The board resolved to authorize any Director and/or the Company Secretary/Authorised Officer of the Company to severally make the necessary applications to the Stock Exchanges, submit required documents, and perform all acts incidental to giving effect to this resolution.