Arur Footwear Limited approved the shifting of its registered office from Punjab to Himachal Pradesh during its 36th Annual General Meeting held on September 26, 2026. The move aligns with the company's plans to reactivate its manufacturing facility in Una, Himachal Pradesh, following its rehabilitation from the Corporate Insolvency Resolution Process (CIRP).

The meeting, conducted in Mohali, also saw shareholders adopt the audited financial statements for the financial year ended March 31, 2026. The Board of Directors reported no qualifications or adverse remarks in the Statutory Auditor's Report or the Secretarial Audit Report. The proceedings were held via ballot paper voting, as remote e-voting could not be facilitated due to pending listing approvals for the newly allotted ISIN.

Voting details and shareholder participation

The voting results indicate that only one member from the Promoter and Promoter Group, holding 50.10% of the total voting power represented at the meeting, was present and cast votes through physical ballot papers. No public shareholders attended the meeting either in person or through proxy.

The total number of shareholders on record was 10,625. The Promoter and Promoter Group held 18,689,825 shares, while Public Non-Institutions held 983,675 shares. Votes polled by the promoter group stood at 9,856,424, representing 52.74% of their holdings. All five resolutions passed with 100% votes in favour and zero against.

Governance and leadership updates

Shareholders reappointed Manish Kumar Gupta as a director, who retired by rotation and offered himself for reappointment. Additionally, the appointment of Mayank Ahuja as an Executive Director was approved. The Board noted that Chairman and Managing Director Pankaj Dawar addressed members on the revival of operations and the launch of new footwear brands.

Key resolutions passed

The following resolutions were passed at the AGM:

Operational status and listing constraints

The company disclosed that its earlier ISIN remains suspended, while the newly allotted ISIN is yet to be activated pending BSE approval. Consequently, the post-CIRP capital structure records could not be finalized for determining the cut-off date for e-voting. The management emphasized that these procedural hurdles are being addressed to ensure full compliance with SEBI regulations.

What the Numbers Show

The voting data highlights a complete absence of public shareholder participation, with zero public attendees despite 10,625 shareholders on record. All resolutions were carried solely by the promoter group's vote, which constituted 50.10% of the voting power present. This underscores the current governance dynamic where promoter consensus drives all corporate actions during the post-CIRP rehabilitation phase.

Arur Footwear Limited (formerly S R Industries Limited) has received a formal request from ExpertPro Realty Private Limited to reclassify its shareholding from the Promoter Group to the Public category. The filing was submitted to the Bombay Stock Exchange on September 17, 2026.

ExpertPro Realty seeks to move its holding of 9,83,675 shares, representing 5.00% of the total equity, out of the promoter bracket. This action is taken under Regulation 31A(8)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Undertakings

To qualify for this reclassification, ExpertPro Realty submitted an undertaking confirming it meets specific regulatory criteria. The entity certified that it does not exercise control over the listed company’s affairs directly or indirectly. Furthermore, it confirmed that neither it nor related persons hold more than ten percent of the total voting rights in the company.

The undertaking also stated that ExpertPro Realty does not have any special rights through shareholder agreements and is not represented on the Board of Directors. The entity confirmed it is not a wilful defaulter as per Reserve Bank of India guidelines nor a fugitive economic offender. Additionally, there is no pending regulatory action against the entity.

Conditions for Reclassification

The reclassification is subject to ongoing compliance with SEBI norms. ExpertPro Realty undertook to continue complying with specific conditions regarding control and representation at all times from the date of reclassification. Failure to meet these conditions will result in immediate reclassification back to the Promoter Group.

Additionally, the entity must comply with further conditions for a period of not less than three years from the date of reclassification. Any breach during this lock-in period will also trigger a return to the promoter category.

Recent Promoter Reclassifications

This development follows a similar request received earlier in the week. On September 16, 2026, Arur Footwear received a request from AMS Infrastructure Private Limited to reclassify its 17,70,615 shares, representing 9.00% of the total equity, from the Promoter Group to the Public category.

AMS Infrastructure also submitted undertakings confirming non-control, no board representation, and compliance with SEBI norms regarding voting rights and defaulter status. Both entities are subject to similar three-year compliance periods post-reclassification.

The company noted that it has been rehabilitated from the Corporate Insolvency Resolution Process. Nidhi Pathak, Company Secretary and Compliance Officer, signed the intimation letter.