Kisan mouldings Limited has successfully obtained regulatory approval from BSE Limited for a significant corporate restructuring involving the reclassification of a promoter to public category. The development represents an important milestone in the company's corporate governance framework under SEBI regulations.

BSE Grants No-Objection for Promoter Reclassification

BSE Limited issued a no-objection letter bearing reference number LIST/COMP/SJ/008/2026-27 dated April 06, 2026, approving the reclassification request for Mrs. Bindiya Aggarwal. The approval allows her transition from the 'Promoter' category to the 'Public' category in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The stock exchange granted approval after thorough examination of the company's application and confirmation of compliance with conditions prescribed under Regulation 31A of the SEBI LODR Regulations. The company has committed to taking necessary steps to implement the reclassification in accordance with applicable regulatory provisions.

Regulatory Compliance Advisory

Alongside the approval, BSE issued an advisory letter with reference number LIST/COMP/SJ/009/2026-27 highlighting a compliance timeline issue. The exchange noted that while the company submitted its reclassification application on January 31, 2026, the mandatory disclosure was made on February 13, 2026.

Under Regulation 31A(8)(c) of SEBI LODR Regulations, companies must disclose the submission of reclassification applications to stock exchanges within 24 hours of the event. The advisory emphasized the importance of adhering to prescribed timelines and advised the company to exercise due caution in future compliance matters.

Corporate Governance Implications

The reclassification process involves strict regulatory scrutiny to ensure transparency and protect investor interests. BSE's approval indicates that the proposed reclassification meets all regulatory requirements under SEBI guidelines. The company will need to ensure compliance with subsequent disclosure requirements related to this reclassification.

Kisan Mouldings Limited has confirmed that information regarding this development is available on the company's website at www.kisangroup.com . The company will keep the stock exchange informed of further developments regarding the implementation of this reclassification.

Kisan Mouldings Limited has formally issued a postal ballot notice to shareholders seeking approval for the relocation of its registered office from Maharashtra to the National Capital Territory of Delhi. The company communicated this development to BSE Limited on March 23, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Resolution and Postal Ballot Framework

Following the Board of Directors' unanimous approval through circular resolution on March 20, 2026, the company has initiated the member approval process for shifting its registered office. The postal ballot notice dated March 23, 2026, seeks shareholder approval through special resolution for this strategic corporate restructuring initiative.

E-Voting Schedule and Digital Process

The company has engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) as the e-voting service provider to facilitate remote electronic voting. In compliance with Ministry of Corporate Affairs circulars, the postal ballot notice is being distributed only through electronic mode to members whose email addresses are registered with the company or depositories.

Regulatory Compliance and Documentation

The formal communication was addressed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai, ensuring complete regulatory compliance under the Listing Regulations. The office relocation necessitates a consequential alteration of Clause II (Situation Clause) of the company's Memorandum of Association, which will be revised to state the registered office's new location in the National Capital Territory of Delhi.

Technical Support Infrastructure

Comprehensive technical support has been arranged for shareholders during the e-voting process. The disclosure was digitally signed by Sanjeev Aggarwal, Chairman & Managing Director (DIN: 00064076), with authentication completed on March 23, 2026, at 17:44:18 +05'30'.