Shekhawati Industries Limited has received a formal request dated 10th September 2026 from M/s. Altius Buildcon Private Limited (CIN: U45200MH2008PTC184761), which is currently classified as part of the "Promoter Group" of the Company, seeking re-classification to the "Public" category under Regulation 31A(3) of the SEBI LODR.

Shareholding Details

Altius Buildcon Private Limited holds 5 (Five) equity shares of face value ₹10 each in the Company (ISIN: INE268L01046), constituting 0.00% of the total paid-up equity share capital and total voting rights. The shares are held under DP ID – Client ID / Folio No.: 1266900013543183.

Rationale for Reclassification

The requesting entity states it is not associated with the Company in any manner, directly or indirectly, other than in its capacity as a shareholder holding 5 equity shares. It confirms it has never been involved in management, operations, policy decisions, day-to-day affairs, has no representation on the Board, holds no office of profit, and is not party to any shareholders' agreements or special arrangements.

Regulatory Compliance Undertaking

Altius Buildcon has provided a comprehensive undertaking confirming compliance with all conditions specified in clause (b) of Regulation 31A(3) of SEBI LODR, including:

  • Not holding more than ten percent of total voting rights
  • Not exercising control over company affairs
  • Having no special rights through formal or informal arrangements
  • No representation on the board of directors
  • Not acting as key managerial personnel
  • Not being a wilful defaulter per RBI Guidelines
  • Not being a fugitive economic offender
  • No pending regulatory actions against them

The entity also undertakes to continue complying with conditions specified in sub-clauses (i), (ii) and (iii) of clause (b) of Regulation 31A(3) at all times post-reclassification, and conditions in sub-clauses (iv) and (v) for at least three years.

Next Steps

The request will be placed before the Company's Board of Directors for analysis and views in the immediate next meeting or within two months from the date of receipt (11th September 2026), whichever is earlier, as per Regulation 31A(3)(a)(ii).

Following Board consideration, the Company will make an application to the stock exchanges (BSE and NSE) seeking their no-objection within five days, as required by regulation.

Shareholder Approval Not Required

Since Altius Buildcon and related persons together hold only 5 shares (0.00% voting rights), which is not more than one percent, shareholder approval in a general meeting is not required as per the proviso to Regulation 31A(3)(a)(vi).

Additional Information

The re-classification is not pursuant to any family settlement, divorce, scheme of arrangement, open offer, or resolution plan approved under Section 31 of the Insolvency and Bankruptcy Code, 2016.

The request was received by the Company on 11th September 2026 at 13:14 hours (IST).

Documents Submitted

  • Copy of request letter dated 10.09.2026
  • Self-attested copy of PAN of Altius Buildcon Private Limited (AAHCA1710B)
  • Details of persons related to the entity (Annexure III)
  • Undertaking under Annexure II

This intimation is made in compliance with Regulation 30 read with Para A of Part A of Schedule III and Regulation 31A(8)(a) of the SEBI LODR.