Amit International Limited has scheduled a meeting of its Board of Directors for September 5, 2026. The gathering aims to approve the Director Report for the financial year ending March 31, 2026, and address key administrative appointments.

The company notified the BSE Listing Department on September 2, 2026, regarding the upcoming session. Managing Director Kirti Doshi signed the intimation letter issued from the Mumbai office.

Agenda Highlights

The board will focus on finalizing preparations for the company’s annual general meeting. Key items for discussion include:

• Approval of the Director Report for FY26.
• Discussion on the notice for the 32nd Annual General Meeting.
• Fixing the date, place, and timing for the AGM.
• Appointment of a Secretarial Auditor.
• Appointment of a Statutory Auditor to fill a casual vacancy.

Corporate Governance Updates

The appointment of a new Statutory Auditor indicates a change in the firm responsible for auditing the company’s financial statements. The casual vacancy suggests an interim replacement is required ahead of the next audit cycle or regulatory deadline.

No financial results were disclosed in this notification. Investors should await the official filing following the board meeting for details on revenue, profit, and dividend declarations for FY26.

Manab Rakshit has acquired a 4.99% stake in Amit International Limited through an off-market transaction on August 10, 2026. The acquisition of 9,44,824 equity shares brings Rakshit’s individual holding to 9,44,824 shares. When combined with the existing 9.96% stake held by his person acting in concert (PAC), Deepak Kumar Rai, the group’s total voting power in the company rises to 14.95%. This development marks a significant consolidation of ownership by non-promoter entities, moving the combined stake well above the 10% threshold often associated with substantial influence in listed companies.

The transaction was disclosed to BSE Limited on August 11, 2026, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the shares were acquired through an off-market sale, a mechanism typically used for private transfers that do not impact open market trading prices immediately. There are no encumbrances, pledges, or liens on the shares acquired by Rakshit or held by Rai. Furthermore, neither party holds any warrants, convertible securities, or other instruments that would entitle them to additional voting rights in Amit International Limited.

Shareholding Structure Update

The following table details the change in shareholding for Manab Rakshit and Deepak Kumar Rai before and after the acquisition:

Amit International Limited’s total equity share capital remains unchanged at 1,89,47,700 equity shares with a face value of ₹10 each, totaling ₹18,94,77,000. The total diluted share/voting capital also stands at 1,89,47,700 shares, indicating no outstanding convertible instruments affect the current voting calculations.

What the Numbers Show

The acquisition positions Manab Rakshit as a major shareholder in his own right, while the combined entity of Rakshit and Deepak Kumar Rai now controls nearly 15% of the company’s voting rights. This level of ownership suggests a strategic alignment between the two parties, potentially aiming for greater influence over corporate governance or future strategic decisions without triggering the open offer obligations that typically arise at higher thresholds under SAST regulations. The use of off-market transactions for both recent acquisitions indicates a coordinated effort to accumulate stakes quietly, minimizing market volatility while establishing a substantial minority position.