GSP Crop Science Limited has filed a declaration with BSE Limited and the National Stock Exchange of India (NSE) confirming that its promoters have not encumbered any shares during the financial year ended March 31, 2026. The disclosure was submitted by Bhavesh Vrajmohan Shah, a promoter of the company, on behalf of all promoters, members of the promoter group, and persons acting in concert.

The declaration is made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It explicitly states that no encumbrance, whether direct or indirect, was created on the shares held by the promoters during the specified financial year.

Shareholding Details

The company provided detailed shareholding statistics for the promoters and promoter group as of March 31, 2026. The data indicates that the combined holding of the promoter and promoter group accounts for a significant majority of the company's equity.

Breakdown of Major Holdings

The shareholding is distributed among individual promoters and various trusts. Key individual promoters include Shah Bhavesh Vrajmohan and Shah Vilasben Vrajmohan, holding 17.27% and 14.00% of the equity respectively. Trusts such as Kappa Trust and Alpha Trust also hold substantial stakes, with Kappa Trust holding 19.18% and Alpha Trust holding 10.44%.

The annexure provided to the exchanges lists 34 entities within the promoter and promoter group categories. While several entities hold negligible or zero shares, the aggregate holding remains firmly above the 70% threshold. All entities listed confirmed that the number of shares encumbered is NIL.

GSP Crop Science Limited announced on May 14, 2026, that its Board of Directors has approved the acquisition of the remaining 21% equity stake in GSP Intermediates Private Limited (GIPL), its subsidiary, for a total cash consideration of Rs. 3,15,00,000/-. The board meeting, which commenced at 7:00 P.M. and concluded at 7:22 P.M., also resolved that upon completion of the transaction, GIPL will be converted into a wholly-owned subsidiary of the company. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details

The transaction involves the purchase of 31,50,000 equity shares of Rs. 10/- each from Mr. Rakeshkumar V. Shah, an existing shareholder of GIPL. The acquisition is being carried out at par value through a cash consideration, with the price validated by a valuation report issued by a Registered Valuer. The key parameters of the deal are summarised below:

The transaction qualifies as a Related Party Transaction, given that GIPL is already a subsidiary of GSP Crop Science Limited, and has been conducted at arm's length based on the registered valuer's report.

About GSP Intermediates Private Limited

GIPL was incorporated on August 18, 2022, and operates in the Agro-Chemicals sector, engaged in the manufacturing and processing of agrochemical intermediates and allied products. The company carries a paid-up capital of Rs. 1500.00 lakh. GIPL remained in a pre-operative phase during its initial years following incorporation and commenced commercial production in the later part of FY 2024-2025.

The turnover history of GIPL is as follows:

Strategic Rationale

GSP Crop Science Limited has outlined several strategic objectives behind converting GIPL into a wholly-owned subsidiary:

• Enable seamless operational and manufacturing integration within the group
• Provide complete strategic and financial control over GIPL
• Support long-term manufacturing scalability and operational flexibility
• Simplify the group structure and governance framework
• Align future investments and expansion plans with the business objectives of GSP Crop Science Limited

The disclosure was signed by Kamleshbhai D Patel, Company Secretary & Compliance Officer (M. No. FCS 8018), on behalf of GSP Crop Science Limited. Further details are available on the company's website at www.gspcrop.in .