Please find the attached intimation under Regulation 31A (10)(ii) of SEBI Listing Regulations 2015.
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Awaiting price reaction for this filing.
Jetmall Spices and Masala has informed BSE that three acquirers — Raman Aggarwal, Anju Aggarwal Aggarwal, and Shrey Aggarwal — completed their open offer on October 16, 2025, and are now classified as the new promoters of the company along with persons acting in concert. As a result, seven existing members of the promoter and promoter group (Shanmugam D, Sanjana Pandya, Radhakrishnan, Manjula Pandya, Jatin Pandya, Chelana Pandya, and Bharat Kumar Pukhraj) are being reclassified into the public category. Each of these outgoing members holds a negligible stake of 0.001% or less, and none will hold board seats or key managerial roles for three years. The company confirmed compliance with minimum public shareholding norms and that its shares are not suspended from trading.
This is largely a procedural reshuffle following the change of control via the open offer. Existing retail shareholders will see new promoters (the Aggarwal family) at the helm, while the old promoter group's exit from the promoter category has no material impact given their tiny shareholdings. Share price reaction will depend on the new promoters' future plans for the company.