Crystal Business System Limited (formerly known as Sadhna Broadcast Limited) has intimated the stock exchanges of the resignation of Mr. Hobin Duggal (ACS: 55624) from the post of Company Secretary and Compliance Officer of the company, with effect from 08 May 2026. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Duggal cited career advancement and professional development as the reasons for his resignation.

Key Details of the Resignation

The following table summarises the key particulars of the change in the Company Secretary and Compliance Officer position, as disclosed under Regulation 30 read with Part A, Para A of Schedule III of the SEBI Listing Regulations, 2015:

Vacancy and Next Steps

Crystal Business System Limited has stated that it is actively in the process of identifying and hiring a suitable candidate for the position of Company Secretary and Compliance Officer. The company has committed to informing the stock exchanges once the vacancy is filled. The intimation was signed by Bal Mukund Tiwari, Managing Director (DIN: 02566683), from New Delhi, and was addressed to BSE Limited and Metropolitan Stock Exchange Limited.

Resignation Letter Highlights

In his resignation letter dated 08 May 2026, Mr. Hobin Duggal formally requested the Board of Directors to accept his resignation and relieve him from his duties effective 08 May 2026. He also requested the Board to submit the necessary forms and intimations with the concerned authorities to give effect to the resignation. Mr. Duggal expressed gratitude to the Board of Directors and his team for the support extended during his tenure as Company Secretary and Compliance Officer.

Crystal Business System Limited has filed comprehensive regulatory disclosures with stock exchanges, confirming that its promoters maintained zero share encumbrances throughout the financial year ended March 31, 2026. The company, formerly known as Sadhna Broadcast Limited, submitted multiple disclosure statements under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Company Declaration

Managing Director Bal Mukund Tiwari, on behalf of Crystal Business System Limited, submitted the primary disclosure statement dated April 7, 2026, to both BSE Limited and Metropolitan Stock Exchange Limited. The company confirmed that promoters have not made any encumbrance of shares, either directly or indirectly, beyond those already disclosed to stock exchanges during FY26.

Promoter Entity Disclosures

Multiple promoter entities filed individual disclosure statements on April 3, 2026, each confirming zero share pledging or encumbrance activities. The key promoter companies include:

Varun Media Private Limited (PAN: AAACV7714K), registered in Noida, Uttar Pradesh, declared no encumbrance of Crystal Business System Limited shares during FY26. The entity confirmed that as of March 31, 2026, the number of encumbered or pledged shares stood at nil.

Softline Media Network Private Limited (PAN: AALCS7953G), based in New Delhi, submitted similar declarations confirming no share encumbrances either independently or in concert with other persons during the financial year.

Sadhna Media Private Limited (PAN: AAHCS4532K), registered in Laxmi Nagar, New Delhi, also filed confirmatory statements declaring zero encumbered shares as of March 31, 2026.

Individual Promoter Confirmations

Several individual promoters submitted personal disclosure statements, each confirming compliance with SEBI regulations:

Each individual promoter declared that they had not made any encumbrance of shares either personally or in concert with other persons during the financial year ended March 31, 2026.

Regulatory Compliance Framework

The disclosures were made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to disclose any encumbrance of shares to ensure transparency in shareholding patterns and protect investor interests.

All disclosure statements were simultaneously filed with BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, and Metropolitan Stock Exchange Limited at Piramal Agastya Corporate Park, Kurla West, Mumbai. Copies were also provided to the company's Audit Committee at the registered office in New Delhi.

Corporate Information

Crystal Business System Limited operates from its registered office at 37, Second Floor, Rani Jhansi Road, Motia Khan, Paharganj, New Delhi-110055. The company maintains its corporate identity under CIN: L92100DL1994PLC059093 and continues operations under its current name after the transition from Sadhna Broadcast Limited.