Date: July 20, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Reclassification Event
- Mr. Andal Bonumalla has been reclassified from 'Promoter and Promoter Group' category to 'Public' category
- Reclassification follows completion of open offer by Mark AB Capital Private Limited ("Acquirer")
- Open offer was made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- Letter of Offer dated July 23, 2025 specifically disclosed intention to reclassify promoters
- Actual date of credit of Equity Shares in Acquirer's Demat Account: April 16, 2026
- Preferential Issue and other consequential compliances completed within prescribed timelines
Regulatory Compliance Disclosure
- Company acknowledges delay in submitting reclassification disclosure to Exchange
- SEBI LODR Regulation 31A(10) requires disclosure within 24 hours of open offer completion
- Company states delay was "inadvertent, technical and non-wilful in nature"
- No mala fide intent or design to withhold information from Exchange or investing public
- Reclassification intention was already disclosed in Letter of Offer (Page 14, Para 10)
- Company requests Exchange to condone the delay and treat matter as closed
- Company assures continued commitment to compliance with LODR Regulations
Letter of Offer Excerpt
The disclosed intention from the Letter of Offer stated: "The Promoter(s) of the Target Company as disclosed in the publicly available shareholding pattern of the Target Company for the quarter ended June 30, 2025, intent to relinquish their management control of the Target Company in favour of the Acquirer and shall cease to be the Promoters of the Target Company and be declassified as public shareholder in accordance with the provisions of Regulation 31A of the SEBI (LODR) Regulations, 2015."