Date: July 27, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

The Board of Directors will consider the reclassification request from Ms. Payal Upadhyay in the Board Meeting scheduled for July 27, 2026.

Financial Results

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Shareholder Reclassification Request:

  • Ms. Payal Upadhyay, a Promoter Group Shareholder, submitted a formal request for reclassification from "Promoter Group" to "Public category"
  • Request made pursuant to Regulation 31A(3)(a)(i) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Current shareholding: 166 equity shares (0.001% of total voting rights)
  • Compliance with Regulation 31A(3)(b) conditions cited:
  • Holding less than 10% of total voting rights
  • Not controlling company affairs directly or indirectly
  • No special rights through formal or informal arrangements
  • No representation on Board of Directors (including no nominee director)
  • Not acting as key managerial personnel
  • Not a willful defaulter per RBI guidelines
  • Not a fugitive economic offender
  • Undertaking provided to continue compliance with conditions (i), (ii), and (iii) at all times post-reclassification
  • Undertaking to comply with conditions (iv) and (v) for at least three years post-reclassification
  • Rationale: No role in company affairs, no special rights, no pecuniary or other interest in the company

Regulatory Context:

  • The reclassification request is subject to requisite approvals under SEBI (LODR) Regulations, 2015
  • The company has enclosed the request letter with its regulatory filing