After due deliberation, the Board considered the promoter reclassification request but decided not to approve it at this stage. The decision was based on the Company's current liquidity position, challenges in making timely repayments and statutory dues, discussions with a proposed investor, and the ongoing revival efforts.
The company references its previous intimations dated June 30, 2026 and July 1, 2026 regarding this matter. The disclosure is signed by Nachiketa Purohit, Company Secretary and Compliance Officer (Membership No.: 25011), and digitally dated July 11, 2026 at 12:47:20 +05:30.