Disclosure under Regulation 30(3).
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Gujarat Craft Industries has disclosed that an addendum was executed on 29th January 2026 to an earlier Shareholder Voting Authorization Agreement dated 22nd November 2025, which was originally signed between promoters Ms. Sushma Chhajer and Mr. Rishab Chhajer. Through this addendum, the Company itself has now been added as a 'Confirming Party' to the agreement. The purpose is to amend the original agreement to protect the rights of the lender bank, State Bank of India (SBI). The disclosure also states that promoter Ms. Sushma Chhajer holds 39.33% and promoter-cum-MD Mr. Rishab Chhajer holds 14.83% in the Company. No special rights, loan terms, or board nominee changes arise from this addendum, and it is not classified as a related-party transaction.
This is largely a governance and compliance update with no direct change to shareholding, capital structure, or control. Shareholders should note that the Company has now formally aligned itself with a promoter voting agreement that is tied to SBI's lending terms, which could be relevant if SBI loan covenants are triggered in the future.