Antelopus Selan Energy sees Manjit Singh step down as Independent Director

Manjit Singh ceases to hold the position of Independent Director at antelopus selan energy upon the completion of his second term on August 09, 2026. The cessation takes effect after the closure of business hours on that date. This departure triggers a restructuring of the company’s key board committees, as Singh previously served as chairperson of the Audit Committee and Stakeholder Relationship Committee, while also holding membership in the Nomination and Remuneration Committee and the Corporate Social Responsibility Committee.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with circulars issued thereunder. Yogita, the Company Secretary and Compliance Officer, signed the filing submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Ltd. The company stated that Singh is not debarred from holding the position of director by SEBI or any other authority.

Following Singh’s exit, the composition of the board committees has been revised. Ms. Vishruta Kaul assumes the role of Chairperson for both the Audit Committee and the Stakeholder Relationship Committee. Mr. Raman Singh Sidhu becomes the Chairperson of the Nomination and Remuneration Committee, while Mr. Baikuntha Nath Talukdar takes the helm of the Corporate Social Responsibility Committee.

The new committee structures are detailed below:

Audit Committee

Sr. No.	Name of Director	Designation
1	Ms. Vishruta Kaul	Chairperson
2	Mr. Baikuntha Nath Talukdar	Member
3	Mr. Raman Singh Sidhu	Member
4	Mr. Suniti Kumar Bhat	Member

Nomination and Remuneration Committee

Sr. No.	Name of Director	Designation
1	Mr. Raman Singh Sidhu	Chairperson
2	Ms. Vishruta Kaul	Member
3	Mr. Suniti Kumar Bhat	Member
4	Mr. Baikuntha Nath Talukdar	Member

Stakeholder Relationship Committee

Sr. No.	Name of Director	Designation
1	Ms. Vishruta Kaul	Chairperson
2	Mr. Raman Singh Sidhu	Member
3	Mr. Baikuntha Nath Talukdar	Member
4	Mr. Siva Kumar Pothepalli	Member

Corporate Social Responsibility Committee

Sr. No.	Name of Director	Designation
1	Mr. Baikuntha Nath Talukdar	Chairperson
2	Mr. Suniti Kumar Bhat	Member
3	Mr. Raman Singh Sidhu	Member

The company placed on record its appreciation for the contributions made by Manjit Singh during his tenure. His Director Identification Number (DIN) is 07585638. The filing confirms that no relationships between directors require disclosure in connection with this change, as it pertains to a cessation rather than an appointment.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-7.08%	+0.23%	-1.99%	+45.69%	+39.83%	+421.66%

Antelopus Selan Energy Limited’s Board of Directors approved the reclassification of Ms. Payal Upadhyay from the “Promoter Group Shareholder” category to the “Public Shareholder” category on July 27, 2026. The decision, taken during a board meeting in Gurgaon, formalizes a structural change in the company’s shareholder base under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move shifts Ms. Upadhyay’s stake into the public float, potentially impacting liquidity dynamics and market perception for the listed entity.

The approval follows a request letter dated July 27, 2026, submitted by Ms. Upadhyay to the Board. Yogita, Company Secretary and Compliance Officer, confirmed that the board considered and approved the request. The resolution notes that the process requires subsequent approvals from stock exchanges and other applicable statutory authorities.

Shareholding Details and Rationale

Ms. Upadhyay holds 166 equity shares, representing 0.001% of the company’s total voting rights. She stated that the rationale for reclassification is her lack of role in company affairs, having no special rights, and no pecuniary or other interest in the company directly or indirectly.

Metric	Value
Shares Held	166 equity shares
Voting Rights	0.001% of total voting rights
Current Category	Promoter Group Shareholder
Proposed Category	Public Shareholder

Conditions for Reclassification

Ms. Upadhyay’s reclassification is contingent upon adherence to regulatory conditions outlined in Regulation 31A(3)(b) of the SEBI LODR Regulations. She has confirmed compliance with these criteria, which restrict her influence over the company’s affairs post-reclassification.

Condition Category	Details
Shareholding Limit	Must not hold more than 10% of fully paid-up equity share capital and voting rights
Control & Rights	No direct or indirect control over company affairs; no special rights via agreements
Board Representation	No representation on the Board of Directors, including as a nominee director
Management Role	Not acting as key managerial personnel in the company
Regulatory Status	Not a willful defaulter per RBI guidelines; not a fugitive economic offender

Ms. Upadhyay undertook to maintain compliance with shareholding, control, and special rights conditions indefinitely. Additionally, she committed to adhering to the non-representation and non-management conditions for at least three years from the date of reclassification.

Regulatory Compliance and Next Steps

The Board confirmed that Antelopus Selan Energy complies with the minimum public shareholding requirement under Regulation 38 of the SEBI LODR Regulations, both currently and post-reclassification. The company stated that trading in its shares has not been suspended by stock exchanges and that it has no outstanding dues to SEBI, stock exchanges, or depositories.

Authorized directors, the Chief Financial Officer, or the Company Secretary are empowered to complete all requisite formalities, including submitting applications, affidavits, and indemnities to the exchanges. Investors should monitor subsequent filings for confirmation of exchange approvals and the effective date of the reclassification.