Board Approval and Date

The Board of Directors of Swarnsarita Jewels India Limited approved the reclassification request at its meeting held on August 03, 2026.

Parties Involved

  • Mr. Rajendra M Chordia (promoter seeking reclassification)
  • Mrs. Seema Rajendra Chordia (promoter seeking reclassification)
  • BSE Limited (stock exchange)

Shareholding Details

As of August 03, 2026:

  • Mr. Rajendra M Chordia holds 0 equity shares (0%)
  • Mrs. Seema Rajendra Chordia holds 0 equity shares (0%)

Historical share transfers:

  • Mrs. Seema Rajendra Chordia transferred 20,000 shares (0.10%) on June 29, 2026
  • Mr. Rajendra M Chordia transferred 1,14,003 shares (0.55%) on March 24, 2022

Compliance with SEBI Conditions

The board confirmed that both individuals satisfy all conditions under Regulation 31A(3)(b) of SEBI (LODR) Regulations, 2015:

  • Do not hold more than 10% of total voting rights
  • Do not exercise control over company affairs directly or indirectly
  • Do not have any special rights through formal or informal arrangements
  • Are not represented on the Board of Directors and will not be for 3 years from approval date
  • Are not acting as Key Managerial Personnel and will not be appointed as such for 3 years from approval date
  • Are not wilful defaulters as per RBI guidelines
  • Are not fugitive economic offenders

Current Promoter Shareholding Structure (Before Reclassification)

1. Seema Rajendra Chordia: 0 shares (0%)

2. Rajendra M Chordia: 0 shares (0%)

3. Mahendra Madanlal Chordia: 8,01,243 shares (3.84%)

4. Sunny Mahendra Chordia: 4,23,483 shares (2.03%)

5. Asha Mahendra Chordia: 2,30,700 shares (1.11%)

6. Mahendra Madanlal Chordia HUF: 30,000 shares (0.14%)

7. Swarnsarita Jewellers Pvt Ltd: 93,57,187 shares (44.82%)

Next Steps

The company will submit the application for reclassification to BSE Limited for obtaining its No Objection within the stipulated timeline as required under Regulation 31A(5) of the Listing Regulations.

Authorized Signatory

Deepak Suthar, Company Secretary and Compliance Officer, signed the disclosure on August 05, 2026, in Mumbai.