Key Quantitative Figures

  • Mr. Ravin Gandhi holds 403,320 shares (4.74% of paid-up capital)
  • Ms. Bela Gandhi holds 400,635 shares (4.71% of paid-up capital)
  • Total shares for reclassification: 803,955 shares representing 9.45% of paid-up capital

Dates of Action

  • Board resolution date: 30 July 2026
  • Cut-off date for shareholders: 31 July 2026
  • Remote e-voting period: 5 August 2026 (9:00 AM IST) to 3 September 2026 (5:00 PM IST)
  • Result declaration date: 4 September 2026
  • Stock exchange no-objection received: 24 July 2026

Parties Involved

  • Outgoing Promoter Shareholders: Mr. Ravin Gandhi and Ms. Bela Gandhi
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
  • Scrutinizer: Mr. Tapan Shah, Practicing Company Secretary
  • E-voting service provider: Central Depository Services (India) Limited (CDSL)
  • Registrar and Transfer Agent: MUFG Intime India Private Limited

Conditions for Reclassification

The outgoing promoter shareholders have confirmed they:

  • Do not hold more than 10% of fully paid-up equity share capital and voting rights
  • Do not exercise control over the affairs of the Company
  • Do not have any special rights with respect to the Company
  • Are not represented on the Board of Directors
  • Do not act as key managerial personnel
  • Are not willful defaulters as per RBI Guidelines
  • Are not fugitive economic offenders

Process Details

The postal ballot is being conducted entirely through electronic mode. The company has engaged CDSL to provide remote e-voting facility. Shareholders can vote through multiple methods including CDSL's Easi/Easiest facility, NSDL's IDeAS e-Services, or through their Depository Participants.

Company Confirmation

The board confirms that post-reclassification:

  • The company will comply with minimum public shareholding requirements under Regulation 38 of SEBI (LODR) Regulations, 2015
  • Trading in company's shares has not been suspended by stock exchanges
  • The company has no outstanding dues to SEBI, stock exchanges, or depositories

Voting Instructions

Detailed voting instructions are provided for shareholders holding shares in both physical and dematerialized form, including helpdesk contact information for technical support during the e-voting process.