Key Quantitative Figures

  • Applicants' Shareholding: Seema Rajendra Chordia and Rajendra M Chordia hold 0 equity shares (0% of paid-up capital)
  • Total Paid-up Equity Capital: 20,876,800 shares
  • Promoter Group Holding Pre-reclassification: 12,548,456 shares (60.11%)
  • Promoter Group Holding Post-reclassification: 12,548,456 shares (60.11%) - no change in total promoter holding
  • Public Shareholding: 8,328,344 shares (39.89%)
  • Shares Pledged: 6,263,040 shares (49.91% of promoter holding)

Dates of Action

  • Application Received: August 3, 2026
  • Board Meeting: August 3, 2026 (7:00 PM to 9:20 PM)
  • Application to BSE: August 8, 2026
  • Cover Letter to BSE: September 16, 2026

Parties Involved

  • Applicants: Seema Rajendra Chordia and Rajendra M Chordia (spouses)
  • Stock Exchange: BSE Limited
  • Compliance Officer: Deepak Suthar, Company Secretary
  • Remaining Promoters: Mahendra Madanlal Chordia (3.84%), Sunny Mahendra Chordia (2.03%), Asha Mahendra Chordia (1.11%), Mahendra Madanlal Chordia HUF (0.14%), Swarnsarita Jewellers Pvt Ltd (44.82%)

Financial and Operational Impact

  • No change to company's capital structure or voting pattern
  • Minimum public shareholding requirement remains compliant at 39.89%
  • No financial impact quantified as applicants hold 0 shares

Undertakings and Declarations

Both applicants declared:

  • No voting rights exceeding 10%
  • No control over company affairs
  • No special rights through formal/informal agreements
  • No board representation or KMP position
  • Not classified as willful defaulters or fugitive economic offenders
  • Not debarred from securities market

Supporting Documentation

  • Certified true copy of Board resolution dated August 3, 2026
  • Pre and post reclassification shareholding patterns
  • Undertakings from company and applicants
  • List of related persons as per SEBI (ICDR), 2018
  • Chronology of events and disclosures
  • Annexures I-VI as per BSE checklist

Shareholding Pattern Details

Pre-reclassification Promoter Holding:

  • Mahendra Madanlal Chordia: 801,243 shares (3.84%)
  • Sunny Mahendra Chordia: 423,483 shares (2.03%)
  • Asha Mahendra Chordia: 230,700 shares (1.11%)
  • Mahendra Madanlal Chordia HUF: 30,000 shares (0.14%)
  • Swarnsarita Jewellers Pvt Ltd: 9,357,187 shares (44.82%)
  • Total Promoter: 12,548,456 shares (60.11%)

Public Shareholding:

  • Institutions: 5,981 shares (0.03%)
  • IEPF: 315,418 shares (1.51%)
  • Individuals (up to ₹2 lakh): 3,531,431 shares (16.92%)
  • Individuals (above ₹2 lakh): 3,601,553 shares (17.25%)
  • NRIs: 104,846 shares (0.5%)
  • Bodies Corporate: 240,501 shares (1.15%)
  • Others: 528,214 shares (2.53%)
  • Total Public: 8,328,344 shares (39.89%)

Board Resolution Details

The Board approved the reclassification after confirming:

  • Applicants meet all conditions under Regulation 31A(3)(b)
  • Combined voting rights below 10% threshold
  • No control or special rights exercised
  • No board representation or KMP positions
  • Not willful defaulters or fugitive economic offenders