Please find the outcome of board meeting w.r.t. request for reclassfication from promoter group category to public
Awaiting price reaction for this filing.
The Board approved reclassification of 6 promoter group members (Sanjiv Khandelwal, Bhagwati Gopal Mittal, Rajeev Khandelwal, Sandhya Khandelwal, Shilpa Khandelwal, Sushila Khandelwal) from 'Promoter' to 'Public' category. These members collectively hold only 10,260 shares (0.10% of paid-up capital). They have confirmed holding no shares, exercising no control, and having no special rights. Board approved the request under Regulation 31A of SEBI LODR, subject to BSE approval. Separately, the company reported FY2026 revenue of Rs 74.37 lakhs (down from Rs 87.97 lakhs YoY), with net profit of Rs 2.99 lakhs (vs Rs 3.87 lakhs). The auditor issued an unmodified opinion.
Reclassification is routine housekeeping since the promoters collectively hold only 0.1% and claim zero shares. Minimal impact on stock or promoter holding structure expected. Financial performance shows declining revenue but modest profit.