Suyog Gurbaxani Funicular Ropeways Limited has secured no-objection from BSE Limited to reclassify Somnath Gurushant Lature from the Promoter Group to the Public category. The approval, effective June 10, 2026, was granted under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This change alters the shareholding structure of the company, moving Lature out of the promoter group.

The stock exchange granted the no-objection based on the submission made by the listed entity regarding the application dated February 11, 2026. The communication was addressed to the company's Company Secretary and Compliance Officer, Ameya Dhananjay Bodas. The approval specifically pertains to the reclassification request for the individual promoter.

Reclassification Details

The following table outlines the specific change approved by the exchange:

BSE has instructed the company to ensure compliance with all subsequent relevant disclosures of material events related to this reclassification. This must be done in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015. The exchange issued the formal no-objection letter, referenced as LIST/COMP/SJ/112/2026-27, to finalize the process.

Suyog Gurbaxani Funicular Ropeways Limited has announced that its board of directors will meet on Friday, May 29, 2026. The meeting is being convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Meeting

The primary focus of the board meeting will be to consider and approve the audited financial results for the company. Specifically, the directors will review the standalone and consolidated financial results for the half-year and financial year ended March 31, 2026, along with the auditors' report thereon.

In addition to the financial results, the board will also consider and recommend a final dividend for the financial year ended March 31, 2026. The declaration of a dividend will be subject to the approval of the shareholders.

Trading Window Closure

The company has informed the exchanges that the trading window for dealing in its securities remains closed. This closure, which began on April 01, 2026, applies to all connected and designated persons as well as their immediate relatives and dependents. The window will continue to remain closed until 48 hours after the announcement of the audited standalone and consolidated financial results for the half-year and financial year ended March 31, 2026. This measure is in line with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s code of practices for fair disclosure of unpublished price-sensitive information.

Key Meeting Details