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Awaiting price reaction for this filing.
Gujarat Craft Industries has informed the stock exchange that two of its promoters — Ms. Sushma Chhajer and Mr. Rishab Chhajer (Chairman & Managing Director) — have signed a Shareholder Voting Authorization Agreement on 22nd November 2025. The agreement is between the two promoters only, and the company itself is not a party to it. The purpose is to align their voting decisions in support of the CMD's direction on governance, strategy, and management, and to protect the interests of the company's lenders and banks. No special rights such as director appointment rights, share subscription rights, or capital structure restrictions are created under this agreement.
This is an internal arrangement between promoters to unify their voting stance behind the CMD, suggesting tighter family-level coordination in decision-making. For outside shareholders, control remains concentrated with the existing promoter group and no change in ownership or board composition is indicated.