BSE grants NOC for IEL promoter reclassification

IEL Limited has received a No Objection Letter from BSE Limited for the reclassification of three individuals from the Promoter category to the Public category. The reclassification is pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exchange granted the no-objection via letter LIST/COMP/KR/071/2026-27 dated May 20, 2026.

Reclassification Details

The reclassification applies to Mr. Ronit Champaklal Shah, Mrs. Kalpanaben Champaklal Shah, and Mr. Romit Champaklal Shah. Following this change, these individuals will be removed from the list of Promoters of the company. The company had initially submitted the application for this reclassification on February 16, 2026.

Shareholding Status

The disclosure regarding the shareholding status of the reclassified individuals indicates that they do not currently hold any equity shares in the company.

Name of the Promoter Seeking Reclassification	Category Pre Reclassification	Category Post Reclassification	Number of Equity Shares held	% of holding
Ronit Champaklal Shah	Promoter	Public	NIL	NIL
Kalpanaben Champaklal Shah	Promoter	Public	NIL	NIL
Romit Champaklal Shah	Promoter	Public	NIL	NIL

Compliance and Disclosures

The company has stated that it will ensure compliance with all subsequent relevant disclosures of material events related to this reclassification. This is in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015. The intimation was signed by Ajay B. Gupta, Managing Director of IEL Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.30%	-3.88%	-10.80%	-29.13%	+6.65%	+598.72%

IEL Limited has announced a board meeting scheduled for May 23, 2026, pursuant to Regulation 29, to consider the company's financial results for the fourth quarter of FY26 (Q4 FY26). The intimation has been issued in accordance with the regulatory obligations applicable to listed entities.

Board Meeting Details

The key details of the scheduled board meeting are outlined below:

Parameter:	Details
Meeting Date:	May 23, 2026
Regulatory Reference:	Regulation 29
Agenda:	Q4 FY26 Financial Results

Regulatory Compliance

The board meeting intimation has been filed as part of IEL Limited's compliance with disclosure norms governing listed companies. Regulation 29 mandates that listed entities notify stock exchanges in advance of board meetings where financial results are scheduled to be considered. This ensures timely and transparent communication with shareholders and market participants.

The outcome of the board meeting, including the Q4 FY26 financial results, is expected to be disclosed to the exchanges following the conclusion of the meeting on May 23, 2026.