Tikona Communication Promoters Exit Post Sar Televenture Acquisition

Date: 29.09.2026

KMP / Board Changes

• Mr. Gaurav Goyal and Mr. Rakesh Kumar Bansal, erstwhile Promoters of the Company, have ceased to be in control and management of the Company.
• Both individuals no longer hold any position on the Board of Directors and do not represent the Board or management.
• The change effective pursuant to acquisition completion on 28 September 2026.

Ownership Change Details

Acquisition by Sar Televenture Limited:

• Acquired 2,13,51,740 equity shares representing 70.17% of paid-up equity share capital
• Share Purchase Agreement dated 03 March 2026
• Open offer made to public shareholders under SEBI (SAST) Regulations, 2011
• Public Announcement date: 16 March 2026
• Open offer process completed: 28 September 2026

Share Transfer Details:

Mr. Rakesh Kumar Bansal:

• Holding before transfer: 42,71,452 shares (14.03%)
• Transferred 42,70,072 shares (14.03%) to Sar Televenture Limited on 24th September 2026
• Transferred remaining 1,380 shares (0.00%) to Sar Televenture Limited on 25th September 2026
• Current holding: Nil shares

Mr. Gaurav Goyal:

• Holding before transfer: 1,70,80,288 shares (56.13%)
• Transferred全部 1,70,80,288 shares (56.13%) to Sar Televenture Limited on 28th September 2026
• Current holding: Nil shares

Reclassification Request

Both former promoters have formally requested reclassification from "Promoter/Promoter Group" to "Non-Promoter/Public" category under Regulation 31A of SEBI LODR Regulations.

Company Confirmations

The Company confirms that:

• Outgoing promoters hold zero equity shares or voting rights as of disclosure date
• Outgoing promoters exercise no control over company affairs
• Outgoing promoters are not involved in management or day-to-day affairs
• No special rights or arrangements exist through formal or informal arrangements
• All conditions under Regulation 31A(3) of SEBI LODR Regulations will be complied with before reclassification