BSE grants no-objection for reclassification of promoters under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Based on company's application dated August 27, 2025
Approved for reclassification of:
Mr. Mahendrabhai Gulabdas Patel
Mr. Munjal Mahendrabhai Patel
2. Compliance Requirement
Company must ensure compliance with subsequent relevant disclosures of material events related to this reclassification
Required under applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015
Compliance Violation Notice
3. Delayed Disclosure
Case ID: 243820
Regulation 31A(8)(c) of SEBI LODR requires disclosure to stock exchanges within 24 hours from occurrence of event
Company submitted application for reclassification with stock exchanges on August 27, 2025
Required disclosure deadline: August 28, 2025
Actual disclosure submitted: April 09, 2026
Delay of approximately 7.5 months from regulatory deadline
4. Regulatory Warning
Non-compliance viewed seriously by exchange
Company advised to be careful in future and exercise due diligence
Required to initiate corrective steps to avoid recurrence of such lapses
Any future aberration will be viewed seriously with appropriate action initiated
