This is to inform you that the Board has approved the re-classification request of Mr. Rajendra Naniwadekar as promoter category.
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Mr. Rajendra Naniwadekar has completed an Open Offer triggered by his purchase of 44,000 equity shares from selling promoter Mr. Pritam Kapur under a Share Purchase Agreement. As a result, Mr. Naniwadekar has acquired control of the company and will now be classified as a Promoter under SEBI Regulations 30 and 31A(10). Simultaneously, 15 existing members of the Promoter and Promoter Group (including Mr. Pritam Kapur, Mr. S V R Rao, and others) will be reclassified into the public category. This reclassification will reflect in the shareholding pattern for the quarter ended 30th September 2025. The board approved these changes in a meeting held on 30th September 2025.
This represents a complete change of promoter control at the company. Shareholders should expect a shift in corporate strategy and management direction as control moves from the existing promoter group to Mr. Naniwadekar, which could affect future business decisions.