Key Quantitative Figures

  • Total shares seeking reclassification: 61,219 equity shares
  • Percentage of paid-up equity capital: 0.07%
  • Individual shareholdings:
  • Mr. Vivek Kumar Ratakonda: 60,000 shares (0.07%)
  • Mr. Venkateswara Prasad Ratakonda: 1,219 shares (0.00%)
  • Mr. Vinayak Talwar: 0 shares (0.00%)

Dates of Action

  • Request letters dated: 24th July 2026
  • Company intimation to exchange: 24th July 2026

Parties Involved

Requesting Individuals:

1. Mr. Vivek Kumar Ratakonda (Promoter) - S/o. RV Ramana, residing at Flat No: 1403, Polaris A Wing, Meenakshi Sky Lounge, Hitex Road, Khanamet, Hyderabad-500084

2. Mr. Venkateswara Prasad Ratakonda (Promoter Group) - S/o. Mr. RV Ramana, residing at Plot No: 47, Jalvavayu vihar, Kukatpally, Hyderabad

3. Mr. Vinayak Talwar (Promoter Group) - S/o. Iqbal Talwar, residing at Flat No 5A, Himgiri Apartments, Hatiskar Marg, Prabhadevi, Mumbai, 400025

Company Representative:

  • T.T.V.R. Seshan, Company Secretary & Compliance Officer (Membership Number: A73647)

Undertakings Provided by Requesting Individuals

All three individuals have provided identical undertakings confirming that they, along with persons related to them:

  • Do not hold more than 10% of the total voting rights in the company
  • Do not exercise control over the affairs of the Company, directly or indirectly
  • Do not have any special rights through formal or informal arrangements, including shareholders' agreements
  • Do not represent on the board of directors (including not having a nominee director)
  • Do not act as Key Managerial Personnel in the Company
  • Are not wilful defaulters per RBI guidelines
  • Are not fugitive economic offenders
  • Have no pending regulatory action against them

Additional Confirmations

All individuals confirmed they:

  • Are not associated with the management of the Company
  • Do not exercise any control over its affairs
  • Do not have any right to appoint any Director or exercise control over management/policy decisions
  • Will continue to comply with conditions specified under Regulation 31A(3)(b)(i), (ii) and (iii) at all times from reclassification date
  • Will comply with conditions under Regulation 31A(3)(b)(iv) and (v) for at least three years from reclassification date

Next Steps

The requests are under review and will be placed before the Board of Directors at their ensuing meeting for consideration in accordance with Regulation 31A of the SEBI LODR Regulations. The Company will inform the Stock Exchange of the Board's decision.