Epuja spiritech Limited has formally applied to BSE Limited for the reclassification of two promoter entities from the promoter/promoter group category to the public category. The application was submitted on April 9, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reclassification Details

The company received requests from two promoter entities seeking reclassification of their shareholding status. The application covers the reclassification of Divit India Services Private Limited and Winfotel Infomedia Technologies Private Limited from promoter category to public category.

Regulatory Compliance

The reclassification application has been submitted pursuant to Regulation 31A of the SEBI (LODR) Regulations, 2015. This regulation governs the process for reclassification of promoters and promoter group entities to public category, ensuring proper disclosure and regulatory oversight.

Shareholding Impact

The combined shareholding of both entities seeking reclassification amounts to 90,75,000 equity shares, representing 8.01% of the total shareholding and voting rights in the company. Upon approval, these shares will be reclassified from the promoter category to the public category.

Corporate Information

Epuja Spiritech Limited, formerly known as Sagar Productions Limited, maintains its registered office in Mumbai and corporate office in Bangalore. The company has informed BSE Limited about this development through its Company Secretary and Compliance Officer, Deeksha Pathak, who signed the intimation digitally on April 9, 2026.

Epuja Spiritech Limited issued a postal ballot notice dated March 26, 2026, following the board meeting held on March 24, 2026, for seeking shareholder approval on promoter reclassification and employee stock option scheme through remote e-voting process. The company has also published the postal ballot notice in newspapers on March 28, 2026, as per regulatory compliance requirements.

Postal Ballot Process and Timeline

The company has initiated postal ballot proceedings under Regulation 30 and 44 of SEBI (LODR) Regulations, 2015, with CS Megha Kamal Samdani appointed as scrutinizer for conducting the process through remote e-voting only.

The postal ballot notice will be sent only through electronic mode to shareholders whose email addresses are registered with the company's Registrar and Share Transfer Agent, Maheshwari Datamatics Pvt Ltd, and depositories.

Newspaper Publication Compliance

On March 28, 2026, Epuja Spiritech Limited informed BSE Limited about the publication of postal ballot notice in newspapers under Regulation 30 compliance. The notice was published in The Business Standard Newspaper in English and Tarun Bharat Newspaper in Marathi on March 28, 2026.

Promoter Reclassification Initiative

The first resolution seeks approval for reclassification of two entities from promoter/promoter group to public category, representing a combined shareholding transition of 90,75,000 equity shares totaling 8.01% of voting rights.

The requesting entities have provided confirmations that they will not exercise control over the company post-reclassification, will not hold more than 10% voting rights, will not seek board representation, and will comply with all applicable SEBI provisions for public shareholders.

Employee Stock Option Scheme 2026

The second resolution proposes addition of 3,00,00,000 stock options under the "Epuja Spiritech Employee Stock Option Scheme 2026," aimed at strengthening employee engagement and retention as part of the company's expansion plans.

The scheme will be administered by the Nomination and Remuneration Committee, designated as the Compensation Committee, with options granted to eligible employees including directors (excluding independent directors) but excluding promoters and persons belonging to promoter group.

Compliance and Documentation

The company has submitted necessary documentation to BSE Limited under Regulation 30 compliance. The postal ballot notice, along with explanatory statements, will be available on the company's website at https://epuja.co.in , BSE website, and CDSL's e-voting platform at www.cdslindia.com . Hard copies of postal ballot forms will not be sent to shareholders in compliance with MCA circulars, requiring all voting to be conducted through the remote e-voting system only.