ECS Biztech Limited has formally submitted an application to BSE Limited on May 4, 2026, seeking a no-objection for reclassifying eight promoter group members to the public shareholder category. This follows the Board of Directors' approval granted at its meeting held on May 1, 2026, at the company's registered office in Ahmedabad. The Board meeting commenced at 11:00 A.M. and concluded at 11:30 A.M., with resolutions unanimously passed to accept the reclassification applications. The submission marks a key procedural milestone under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is in continuation of the company's earlier intimations dated April 30, 2026 and May 1, 2026.

Reclassification Details

The eight promoter group members had initially submitted their reclassification requests on April 29, 2026. The applicants include individuals and one Hindu Undivided Family (HUF) entity. The following table outlines the details of the members seeking reclassification:

Regulatory Compliance and Board Decision

The Board confirmed that all applicants have provided detailed undertakings confirming compliance with SEBI regulations. Key confirmations include that none of the applicants hold more than ten percent of total voting rights, do not exercise control over company affairs, and have no special rights through formal or informal arrangements. Additionally, none of the applicants are represented on the board of directors or act as key managerial personnel. Pursuant to Regulation 31A(3)(a)(vi) of the SEBI LODR Regulations, 2015, the Board noted that shareholder approval is not required, as the promoter group members seeking reclassification and persons related to them together do not hold more than one percent of the total voting rights in the company.

Current Shareholding Impact

The eight promoter group members collectively hold 88,087 equity shares, representing 0.42% of the company's total shareholding. Shilpa Bharatkumar Doshi holds the largest stake among the applicants with 80,000 shares (0.39%), while Dharmesh Rajnikant Shah holds 5,000 shares (0.02%). Four of the eight applicants currently hold zero shares in the company.

Next Steps and Documentation

With the application now submitted to BSE Limited on May 4, 2026, the process awaits the stock exchange's no-objection. Upon receipt of BSE's approval, the reclassification will be given effect in the shareholding pattern of the immediately succeeding quarter, in accordance with Regulation 31 of the SEBI LODR Regulations, 2015. Company Secretary and Compliance Officer Nilam Viren Makwana has been authorized to execute all required documentation and filings in this regard.

ECS Biztech Limited has successfully concluded its board meeting and approved the reappointment of its Chairman & Managing Director, marking a significant milestone in the company's leadership continuity.

Board Meeting Outcome

The board meeting held on April 6, 2026, at the company's registered office concluded with the approval of Mr. Vijay Mansinhbhai Mandora's reappointment as Chairman & Managing Director. The meeting commenced at 11:00 A.M. and concluded at 11:20 A.M., demonstrating efficient decision-making by the board.

Leadership Reappointment Details

The board approved Mr. Vijay Mansinhbhai Mandora's (DIN: 00328792) reappointment based on the recommendation of the Nomination and Remuneration Committee. The reappointment is effective from April 1, 2026, for a term of 3 years, subject to shareholder approval.

Director Profile and Experience

Mr. Vijay Mansinhbhai Mandora brings extensive experience to his continued leadership role. As a promoter and founder of ECS Biztech Limited since its incorporation, he holds an Engineering degree in Information Technology & Telecommunication. His leadership spans over 35 years in the field, providing substantial expertise for the company's strategic direction.

Regulatory Compliance

The reappointment process follows all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board has confirmed that the director is not debarred from holding office by SEBI or any other regulatory authority. Company Secretary and Compliance Officer Nilam Viren Makwana has ensured proper documentation and filing of the board meeting outcome with BSE Limited.

Next Steps

The reappointment now requires shareholder approval to become effective. The company will proceed with the necessary procedures to seek member approval for the proposed reappointment, following standard corporate governance protocols.