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.

Epuja Spirittech Limited has informed BSE Limited about receiving formal requests from two promoter entities seeking reclassification of their shareholding from promoter category to public category. The company filed this intimation on February 24, 2026, in compliance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholding Details for Reclassification

The reclassification requests involve a total of 9075000 shares representing 8.03% of the company's total shareholding. The breakdown of entities seeking reclassification is presented below:

Regulatory Compliance and Undertakings

Both entities have submitted comprehensive undertakings as required under SEBI regulations. Winfotel Infomedia Technologies Private Limited, represented by Director Asit Chandravadan Pandya (DIN: 08973457), stated that the entity does not exercise control over company affairs and has no direct or indirect involvement in the company's decision-making process.

Similarly, Divit India Services Private Limited, represented by Director Kalakad Sundaram Sathi (DIN: 00150876), has provided similar confirmations regarding their non-involvement in company operations. Both entities have confirmed they meet all regulatory criteria including:

• Holding less than 10% of total voting rights
• No control over company affairs
• No special rights through formal or informal arrangements
• No board representation or nominee directors
• Not acting as key managerial persons

Approval Process and Next Steps

The reclassification requests will undergo a multi-tier approval process as mandated by SEBI regulations. The company's board of directors will first consider these requests, following which approvals from the stock exchange and company shareholders will be required.

Epuja Spirittech Limited has committed to taking appropriate steps in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The entities seeking reclassification have also undertaken to comply with all conditions specified in Regulation 31A for a minimum period of three years post-reclassification.

Corporate Information

Epuja Spirittech Limited, formerly known as Sagar Productions Limited, operates with its registered office in Mumbai and corporate office in Bangalore. The company secretary and compliance officer, Deeksha Pathak, signed the regulatory filing confirming receipt of the reclassification requests and treating it as intimation of a material event under SEBI regulations.