Pulin Kumudchandra Vaidhya, Managing Director of Aztec Fluids & Machinery Limited, has acquired additional equity shares in the company through open market transactions, as disclosed in a regulatory filing under SEBI takeover regulations.

Share Acquisition Details

The acquisition involved 14,000 equity shares purchased on March 20, 2026, representing 0.10% of the company's total shareholding. The transaction was conducted through open market purchases and was formally disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Pattern Changes

Prior to this acquisition, Vaidhya held 75,51,700 shares representing 55.53% of the company's total voting capital. Following the purchase of 14,000 additional shares, his total shareholding has increased to 75,65,700 shares, representing 55.63% of the total voting capital.

Company Capital Structure

The company's equity share capital remains unchanged at Rs. 13,60,00,000, comprising 136,00,000 equity shares of Rs. 10 each. The total diluted share capital also stands at the same amount, indicating no outstanding convertible instruments or warrants.

Regulatory Compliance

As Managing Director and a member of the promoter group, Vaidhya's share acquisition required disclosure under SEBI regulations. The company is listed on BSE Limited's SME Board, and the acquisition details have been submitted to the Corporate Relations Department of BSE Limited for record updates. The disclosure was made in compliance with the substantial acquisition regulations, ensuring transparency in promoter shareholding changes.

Aztec fluids & machinery Limited has informed the stock exchange that its subsidiary company Jet Inks Private Limited has successfully moved out of the Non-Performing Asset (NPA) category, marking a significant development for the group's financial standing.

NPA Status Regularisation

The company announced that ICICI Bank has confirmed the regularisation of Jet Inks Private Limited's account, which was previously tagged under the NPA category. The bank's email communication dated 09th March, 2026, confirmed that the previous NPA classification now holds null and void.

Background of NPA Classification

Jet Inks Private Limited was initially classified as a Non-Performing Asset on 1st August 2025. The classification occurred due to specific procedural circumstances rather than operational issues. The primary reason was the non-renewal of personal guarantee by the erstwhile promoters of Jet Inks Private Limited, whose personal guarantee was continuing with ICICI Bank Limited.

This situation led to the non-renewal of banking limits beyond the prescribed period, triggering the NPA classification under the applicable prudential norms issued by the Reserve Bank of India (RBI). Importantly, the company emphasised that the classification was made on procedural and technical grounds and not due to any payment defaults by the company.

Management Commentary

Mr. Pulin Vaidhya, Chairman & Managing Director stated that Jet Inks continues to remain an important strategic part of the Aztec Group, strengthening backward integration in consumables manufacturing while enhancing the ability to offer integrated coding and marking solutions to customers across industries. He noted that over the past year, the subsidiary has been steadily aligning its operations with Aztec's systems, customer retention approach and operational processes.

Mr. Devraj Pandya, Group Chief Financial Officer added that the regularisation marks an important step in restoring normal banking operations for the subsidiary and strengthening the Group's overall financial framework. He confirmed that with the account now restored to standard status, Jet Inks will continue to have uninterrupted access to its working capital facilities, enabling smoother procurement cycles, inventory management and customer servicing.

Company Profile

Established in 2010, Aztec Fluids & Machinery Limited is a prominent supplier of printers, consumables, and spares, specializing in coding and marking solutions. The company serves over 1,500 customers across multiple sectors in 24 states and 3 union territories in India, with a growing international presence in Africa, the Middle East, and Asia.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework requires listed companies to disclose material information that could impact investor decisions, including changes in subsidiary company status.

The development represents a positive resolution for Aztec Fluids & Machinery Limited, as the subsidiary's exit from the NPA category removes a potential concern for stakeholders and restores normal banking relationships for Jet Inks Private Limited.