Date: August 07, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
- Board meeting held on August 07, 2026
- Accepted withdrawal requests of Mr. Bhupen C. Shah and Mrs. Pinky D. Shah from reclassification process
- Authorized company to file application with NSE and BSE for withdrawal of their reclassification requests
- Authorized company to continue pursuing reclassification application for Mr. Amit C. Shah from "Promoter and Promoter Group" to "Public" category
Financial Results (Standalone & Consolidated)
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Reclassification Application Details:
- Original application filed under SEBI LODR Regulation 31A on October 26, 2020
- Application sought reclassification from 'Promoter Group' to 'Public' category
- Application was pending approval with BSE Limited and National Stock Exchange of India Limited
Withdrawal Requests:
- Mr. Bhupen C. Shah and Mrs. Pinky D. Shah submitted withdrawal requests dated August 03, 2026
- Reason cited: "Due to a change in strategic arrangements and realignment of investment horizons"
- Both individuals requested unconditional withdrawal with immediate effect
- Both will continue to remain part of the Promoter Group of the company
Ongoing Reclassification:
- Company will continue pursuing reclassification application for Mr. Amit C. Shah from "Promoter and Promoter Group" to "Public" category
Regulatory References:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Regulation 31A governing reclassification of shareholding