Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015
Corporate Actions:
The Board of Directors approved the reclassification of Mrs. Bharti Kailash Gupta from "Promoter Group category" to "Public category" subject to approval from National Stock Exchange of India Limited (NSE).
Key Conditions for Reclassification:
The outgoing promoter group member confirmed:
- Does not hold more than 10% of paid-up equity share capital or total voting rights
- Does not exercise control over company affairs directly or indirectly
- Does not have any special rights through formal or informal arrangements
- Does not hold any position on the Board of Directors or as Key Managerial Personnel
- Not declared as wilful defaulter per RBI guidelines
- No regulatory action pending
- Not a fugitive economic offender
Other Significant Information:
- The reclassification will not impact other shareholders of the company
- The Board resolution was passed unanimously
- The company's registered office is at 306, Sarthik Complex, Nr. Iscon Cross Road, Satellite, Ahmedabad - 380015