Pursuant to Regulation 30 of SEBI (LODR) 2015 we hereby inform that the Board of Directors of the Company at its meeting held on 14/02/2026 reconsidered the request received from Mr. Punit ....
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The Board of Directors of Omnipotent Industries, at its meeting on 14 February 2026, decided not to proceed with the reclassification of Mr. Punit Popat from the Promoter category to the Public category under SEBI (LODR) Regulations. The Board had earlier approved this reclassification on 6 October 2025 but had not filed the application with BSE. After reconsideration, the Board cited multiple concerns: outstanding penalties from BSE for past non-compliances, show cause notices from regulatory authorities, pending GST dues, unresolved income tax proceedings, and other statutory liabilities tied to the period when Mr. Popat was part of management. The Board concluded that proceeding with reclassification at this stage would not be in the interest of the company or its stakeholders, and resolved to withdraw the earlier approval.
This filing highlights significant unresolved compliance and financial issues at the company, including pending penalties and statutory dues. Mr. Punit Popat will continue to be classified as a Promoter, meaning the company's promoter-related obligations and governance structure remain unchanged. For shareholders, this is a negative signal pointing to lingering regulatory and financial troubles.