Ajwa Fun World & Resort Board Meeting Scheduled on May 29, 2026 to Approve Q4 and FY26 Financial Results

Ajwa Fun World & Resort has notified the BSE of an upcoming board meeting scheduled for Friday, May 29, 2026 at 04:30 p.m., to be held at the company's registered office. The intimation has been filed pursuant to Regulation 29(1) and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting has been convened to deliberate on key corporate and financial matters. The following items are on the agenda for consideration and approval:

Agenda Item:	Details
Financial Results:	Audited Standalone Financial Results for the quarter and financial year ended March 31, 2026
Internal Auditor Appointment:	CA Akash Jayesh Shah (Mem No: 165080)
Other Business:	Any other business with the permission of the chair

Regulatory Compliance

The board meeting intimation has been submitted in compliance with the applicable SEBI listing regulations. The filing was made on May 11, 2026 and signed by Kosha Anilbhai Shah, Company Secretary and Compliance Officer of Ajwa Fun World and Resort Limited. The company operates under CIN No. L45201GJ1992PLC018294 and is headquartered at "A-Tower", 1st Floor, Kunj-Resi-cum Plaza, Palace Road, Vadodara, Gujarat.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-4.63%	-23.89%	+0.32%	+30.15%	+412.59%

Ajwa Fun World & Resort Ltd has announced a significant corporate governance development with its Board of Directors approving the reclassification of three promoter group members to public category shareholders. The decision was taken at a board meeting held on Saturday, April 18, 2026, at the company's registered office in Vadodara, Gujarat.

Shareholding Reclassification Details

The board approved requests from three individuals seeking reclassification from promoter group to public category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The affected shareholders and their holdings are detailed below:

Shareholder Name:	Number of Shares	Percentage of Paid-up Capital
Nilesh K Jain:	7,400	0.12%
Manish M Jain:	3,800	0.06%
Kamlesh K Jain:	10,100	0.16%
Total:	21,300	0.34%

Regulatory Compliance and Conditions

All three shareholders submitted their reclassification requests on April 7, 2026, citing their lack of involvement in the company's day-to-day operations and management. The board noted that these individuals were originally classified as promoter group members during the company's initial public offering but have since maintained no association with business operations or management decisions.

The reclassification approval is contingent upon meeting specific regulatory requirements under SEBI Listing Regulations. Each shareholder has confirmed compliance with key conditions including:

Not holding more than 10% of total voting rights
No control over company affairs, directly or indirectly
No special rights through formal or informal arrangements
No board representation or nominee directors
Not serving as key managerial personnel
Clean regulatory status with no wilful defaulter or fugitive economic offender tags

Board Resolution and Next Steps

The board passed comprehensive resolutions for each shareholder, affirming their lack of control over the company and absence of special rights. The resolutions were digitally signed by key board members including Managing Director Rajeshkumar Chunilal Jain (DIN: 00285542), Director Rahil Rajeshkumar Jain (DIN: 02300673), and Director Dipak Bhagwatilal Nagarwala (DIN: 10299569).

The company will now file necessary applications with BSE Limited for formal approval of the reclassification. Upon receiving requisite regulatory approvals, the company will update its shareholding pattern accordingly. The move represents a routine corporate governance action that will result in a marginal reduction in the promoter group's shareholding percentage while increasing the public shareholding component.