Galaxy Agrico Exports Promoter Hemali Sudhir Patel Completes Full Stake Exit

Galaxy Agrico Exports Limited has received an updated regulatory disclosure from promoter Hemali Sudhir Patel regarding the complete disposal of her remaining shareholding. The latest transaction, completed on March 30, 2026, involved the sale of 49,500 equity shares through open market operations, marking her complete exit from the company.

Latest Share Disposal Transaction

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, provides comprehensive details of the complete stake disposal:

Parameter:	Details
Shares Disposed:	49,500
Percentage of Total Capital:	0.28%
Transaction Mode:	Open Market
Transaction Date:	March 30, 2026
Final Holding:	0 shares (0.00%)

Complete Shareholding Exit Pattern

Hemali Sudhir Patel's shareholding reduction has occurred in two phases, resulting in her complete exit from the company:

Transaction Phase:	Shares Disposed	Holding After Transaction	Percentage After
First Disposal (March 27):	90,000	49,500	0.28%
Second Disposal (March 30):	49,500	0	0.00%
Total Disposal:	1,39,500	-	0.79%

Company Capital Structure

Galaxy Agrico Exports Limited maintains its equity share capital structure with 1,74,92,626 equity shares of Rs. 10 each. The company's shares continue to be listed on the Bombay Stock Exchange Limited, where these transactions were executed.

Regulatory Compliance and Documentation

The disclosure demonstrates continued adherence to SEBI regulations requiring promoters to inform stock exchanges of substantial changes in shareholding. The documentation was filed with the Bombay Stock Exchange's Department of Corporate Services, with Hemali Sudhir Patel serving as the authorized signatory for the transaction.

The complete exit represents a significant change in the promoter group structure while maintaining full regulatory transparency through proper disclosure mechanisms established under Indian securities regulations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.68%	+16.86%	+3.82%	+18.58%	+18.58%	+18.58%

Galaxy Agrico Exports Limited has received formal requests from additional members of its promoter category seeking reclassification as public shareholders under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed BSE Limited about these latest requests, with individual applications dated March 30, 2026.

Latest Reclassification Requests

The company has received requests from 8 additional promoter category members seeking transition to public shareholder status. These requests follow the established regulatory framework under SEBI Regulation 31A for promoter reclassification.

Name of the Person:	Current Category	Shares Held	Shareholding %	Proposed Category
Amrita Jitendra Shah	Promoter	0	0.00	Public
Hemali Sudhir Patel	Promoter	0	0.00	Public
Manojkumar Harsukhlal Shah-HUF	Promoter	0	0.00	Public
Manoj Harsukhlal Shah	Promoter	0	0.00	Public
Milan Jinesh Sanghvi	Promoter	0	0.00	Public
Nalini Manojkumar Shah	Promoter	7475	0.04	Public
Sanjay Jayantilal Patel	Promoter	0	0.00	Public
Suketa Sanjay Patel	Promoter	0	0.00	Public

Regulatory Compliance Framework

Each requesting individual has provided detailed confirmations regarding their compliance with conditions specified in Regulation 31A(3)(b) of the Listing Regulations. The key compliance areas include:

Voting Rights: Confirmation of not holding more than 10% of voting rights in the company
Control Mechanisms: Declaration of no direct or indirect control over company affairs
Special Rights: Absence of any special rights through formal or informal arrangements
Board Participation: No current or nominee director positions
Management Roles: No key managerial personnel positions held
Regulatory Standing: Confirmation of not being willful defaulters or fugitive economic offenders

Approval Process and Commitments

The proposed reclassification is subject to approval from multiple stakeholders including the Board of Directors, shareholders, and BSE Limited. Each requesting party has committed to ongoing compliance with specific regulatory conditions post-reclassification.

Key Commitments Include:

Continued adherence to voting rights, control, and special rights restrictions
Compliance with board and management position restrictions for minimum three years
Adherence to SEBI circular requirements and delisting regulation provisions
Automatic reclassification as promoter if conditions are violated

Comprehensive Reclassification Activity

With these latest requests, Galaxy Agrico Exports Limited has now received reclassification applications from a total of 22 promoter category members. The earlier batch included 14 individuals who submitted their requests, all holding zero equity shares in the company. The current requests represent a continuation of the systematic promoter category restructuring under the established regulatory framework.

Galaxy Agrico Exports Limited will undertake necessary procedural steps in compliance with Regulation 31A of the Listing Regulations. The company has submitted the intimation along with copies of individual request letters to BSE Limited as required under Regulation 31A(8) of the Listing Regulations.