Fiem Industries has filed a declaration with the National Stock Exchange of India (NSE) and BSE Limited confirming that its promoters and promoter group entities have not created any encumbrance on their holdings during the financial year ended March 31, 2026. The disclosure was submitted on April 4, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The company explicitly stated that the promoters, along with any persons acting in concert, have not made any encumbrance, directly or indirectly, other than those already disclosed to the exchanges. This declaration serves as a formal confirmation to the regulatory bodies regarding the status of the shareholding of the promoter group for the specified financial year.

The declaration was signed on behalf of various promoter group entities, including Jagjeevan Kumar Jain (HUF) and Fiem Applied Technologies Pvt. Ltd. The filing was addressed to the Listing Department of the NSE and the Department of Corporate Services at the BSE to ensure compliance with the regulatory framework governing substantial acquisitions and takeovers.

Key Details of the Declaration

The confirmation provides assurance to the shareholders and the market regarding the unhindered status of the promoter group's shareholding during the period under review.

Fiem Industries announced on May 19, 2026, that it has received the resignation of Mr. Vineet Sahni from the position of CEO and Whole-time Director. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Sahni cited personal reasons and a decision to pursue other interests as the basis for his resignation. In his resignation letter addressed to the Board of Directors, he expressed gratitude to the Board, senior management, and shareholders for their support during his tenure, which included a second term.

Resignation Details

The company has confirmed that Mr. Sahni has requested to be relieved at the earliest possible date. Consequently, the resignation will be placed before the Board in its forthcoming meeting for formal acceptance. The specific date of relieving will be updated in due course following the Board's decision.

Mr. Sahni confirmed that there are no other reasons for his resignation beyond those stated. He further committed to extending his full support during the transition period and noted that he has already handed over most of his responsibilities to ensure a smooth handover.

Key Disclosures

The following table summarizes the key details regarding the regulatory disclosure provided by the company: