Two promoter group members seek reclassification to public category

Receipt of requests dated October 06, 2026 from two Promoter Group members — Sunil Ramdayal Attal (1,000 shares) and Megha Jhawar (8,000 shares) — to be reclassified to the Public category.

Mon 12 Oct 2026

Reclassification Request 1

Sunil Ramdayal Attal — 1,000 equity shares (0.00%)

Reclassification Request 2

Megha Jhawar — 8,000 equity shares (0.01%)

Request Date

October 06, 2026

What has been requested

• The company has received requests, each dated October 06, 2026, from two members of the Promoter Group asking to be reclassified to the Public category of shareholders.
• Sunil Ramdayal Attal holds 1,000 equity shares, shown as 0.00 percent of the company.
• Megha Jhawar holds 8,000 equity shares, shown as 0.01 percent of the company.

Why they say they should be reclassified

• Both state that they received equity shares of the company on a gift basis from an existing promoter/promoter group member, and that this is the reason they are placed in the Promoter Group.
• They state that they are neither engaged in management decisions nor exercise control over the affairs of the company, including its strategic decision-making process.
• They state that they hold no special rights through formal or informal arrangements, including shareholder agreements.
• They state that they are not represented on the Board of Directors, including as a nominee director, and are not acting as a key managerial person.
• They state that they are not wilful defaulters as per Reserve Bank of India guidelines and are not fugitive economic offenders.

What they have undertaken

• They, along with persons related to them, do not together hold more than ten percent of the total voting rights in the company.
• After reclassification, the conditions in sub-clauses (i), (ii) and (iii) of clause (b) of Regulation 31A(3) will be complied with at all times from the date of reclassification.
• The conditions in sub-clauses (iv) and (v) will be complied with for a period of not less than three years from the date of reclassification.
• If these are not met, they will be reclassified as promoter/person belonging to the promoter group.

What happens next

The requests are subject to consideration/approval as may be required of the Board of Directors of the company, the stock exchanges and other applicable conditions.

How a retail reader can look at it

• This is a request from two holders, not a decision that has taken effect. The update itself places the outcome on the required approvals.
• The shareholding involved is small in percentage terms as stated in the update (0.00 percent and 0.01 percent).
• If approved, the shares would move from the Promoter Group category to the Public category. The two individuals have also stated that they will continue to meet the conditions they have set out.

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