Intimation regarding the demise of persons belongs to the promoter group.
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Hindustan Agrigenetics informed BSE that three members of its promoter group — Mr. Ranjit Rai Khullar, Mr. Arvind Rao Deshmukh, and Mrs. S Lalita — passed away in 2009, 2015, and 2022 respectively, with intimation reaching the company only on April 23, 2025. These individuals collectively held 4,200 shares (about 0.10% of the company) and will now be removed from the promoter group as per SEBI LODR Regulation 31A(6)(c). The board also discussed the open offer process initiated by acquirer Mr. Rajendra Naniwadekar and formed a committee of three independent directors to review and recommend on the offer.
The removal of these three persons from the promoter group is a procedural housekeeping step with negligible impact on shareholding given the tiny 0.10% combined stake. The more material item is the ongoing open offer by Mr. Naniwadekar, where the newly formed independent directors' committee will issue its recommendation to shareholders.