Atul Auto Limited's promoter group has executed inter-family share transfers while maintaining their collective stake in the three-wheeler manufacturer. The transactions, completed through gift transfers between family members, demonstrate internal restructuring within the promoter group without affecting the overall ownership pattern.

Transaction Overview

The share transfer activity involved Hiren Vasantrai Patel and other promoter group members, with transactions occurring on March 25, 2026 and March 27, 2026. The transfers were executed through gift arrangements and inter-se transfers between family members within the promoter group structure.

Shareholding Pattern

The promoter group's collective holding remains stable despite the internal transfers. Before and after the transactions, the group maintains identical ownership levels across all categories of shareholding.

Key Individual Changes

Within the promoter group, specific individuals experienced changes in their individual holdings:

• Hiren Vasantrai Patel increased his holding from 1,38,960 shares (0.50%) to 2,88,960 shares (1.04%) through acquisition of 1,50,000 shares
• Manjulaben Vasantrai Patel transferred her entire holding of 1,91,304 shares (0.69%) to other family members
• Vasantrai Kurjibhai Patel reduced his holding by 1,22,820 shares, from 2,28,000 shares (0.82%) to 1,05,180 shares (0.38%)
• Hirenkumar V Patel HUF acquired 1,64,124 shares (0.59%), increasing from zero holdings

Company Capital Structure

Atul Auto Limited's equity capital structure remains unchanged following these transactions. The company maintains its equity base of Rs.13,87,56,400 divided into 2,77,51,280 equity shares, each carrying a face value of Rs.5. This capital structure applies to both the total share capital and diluted share capital, as the company has no outstanding convertible securities or warrants.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the formal communication dated March 28, 2026. The filing was addressed to BSE Limited, National Stock Exchange of India Limited, and Atul Auto Limited's Company Secretary, ensuring comprehensive regulatory compliance across all relevant stakeholders.

Atul auto Limited has announced the appointment of Dr. Kamalkishore C. Vora as an Independent Director (Additional) with effect from March 15, 2026, and has now issued a postal ballot notice seeking shareholder approval for his formal appointment as Independent Director.

Postal Ballot Process and E-Voting Schedule

The company has issued a postal ballot notice under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for seeking shareholder approval through remote e-voting. The voting process has been structured with specific timelines and procedures.

Newspaper Publication Notice

On March 19, 2026, Atul Auto Limited published the postal ballot notice in newspapers as required under Regulation 47 of SEBI (LODR) Regulations 2015. The notice was published in Indian Express (English edition) and Financial Express (Gujarati edition) to inform members about the remote e-voting process for the postal ballot.

Director Appointment Details

The Board of Directors, following the recommendation of the Nomination and Remuneration Committee, had appointed Dr. Vora as Additional Director effective March 15, 2026. The postal ballot seeks approval for his appointment as Independent Director for a three-year term.

Professional Background and Expertise

Dr. K.C. Vora brings extensive experience spanning over 40 years in the automotive industry and academia. He currently serves as Program Director – Automotive CoE at NAMTECH, located at IIT Gandhinagar Research Park. His career includes significant roles with leading organizations including Walchandnagar Industries, Emitec, Mahindra & Mahindra, and the Automotive Research Association of India (ARAI).

He superannuated from ARAI in 2021, where he held the position of Senior Deputy Director and Head of ARAI Academy. Currently, he serves as a consultant to the Automotive Skills Development Council (ASDC) and chairs the Expert Group for Electric Vehicles.

Academic Credentials and Contributions

Dr. Vora holds a Bachelor's degree in Mechanical Engineering from Birla Vishvakarma Mahavidyalaya (BVM), a Master's in Automotive Engineering from Veermata Jijabai Technological Institute (VJTI), and a Ph.D. from the Indian Institute of Technology (IIT) Bombay. His contributions to the automotive field include authoring over 120 technical papers, writing 4 books on automotive subjects, and holding 4 patents in automotive technology.

Regulatory Compliance and Voting Process

The appointment follows all regulatory requirements under the SEBI Listing Regulations. The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company or depositories. Shareholders can vote through the NSDL e-voting platform during the specified period. The results will be declared within two working days from the conclusion of the voting period and will be available on the company's website and NSDL's platform.