Banco Products has designated three employees as Senior Management Personnel (SMP) effective June 29, 2026, following an internal restructuring. Mr. Parasram Parihar, Mr. Jigar Pathak, and Mr. Rakesh Motekar have been elevated to these roles as per the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company submitted the intimation to BSE Limited and National Stock Exchange of India Limited to disclose the structural changes within its management hierarchy. The designation is part of an organizational realignment aimed at strengthening the leadership in key operational areas.

Profiles of Designated Personnel

The three appointees bring extensive experience in supply chain and procurement domains to their new roles. Their brief profiles, as disclosed in the regulatory filing, are detailed below.

The filing confirmed that the reason for the change for all three personnel is their designation as SMP due to internal restructuring. The effective date of the change for all appointees is June 29, 2026. The disclosure regarding relationships with directors was stated as not applicable for these appointments.

Promoters of Banco Products (India) Limited have declared that they did not create any encumbrance on their shares during the financial year ended March 31, 2026. The disclosure, submitted to stock exchanges, confirms that neither the promoters nor persons acting in concert pledged shares directly or indirectly in FY26. This filing ensures transparency regarding the holding status of key stakeholders.

The declaration was made by Mehul Kanubhai Patel on behalf of the promoters and persons acting in concert. It was addressed to the Listing Compliance teams of BSE Limited and National Stock Exchange of India Limited, as well as the Audit Committee of Banco Products . The submission was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The document clarifies that the disclosure was submitted as an abundant precaution and for good corporate governance practice. The promoters noted that the regulation may not be strictly applicable to them as they have not encumbered their shares previously. However, they chose to file the declaration voluntarily to maintain compliance standards.

Promoters and Persons Acting in Concert

The filing identifies 11 entities as promoters or members of the promoter group. The list includes individual promoters and corporate entities associated with the company.