KSH International has received board approval for the re-classification of KSH Distriparks Private Limited (KDPL) from the 'Promoter Group' to the 'Public' category. The decision was taken at a Board meeting held on September 5, 2026.

The approval follows an intimation dated September 2, 2026, issued by Nakul Shivaji Patil, Company Secretary and Compliance Officer, pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval Details

The Board of Directors considered and approved the request during its meeting held on Saturday, September 5, 2026. The meeting commenced at 12:04 pm and concluded at 12:19 pm. It was conducted through video conferencing from the corporate office in Pune.

The re-classification is subject to the receipt of 'No Objection Certificates' from BSE Limited and National Stock Exchange of India Limited. The Board authorized Mr. Nakul Shivaji Patil or any director to make necessary filings with the stock exchanges to seek these approvals.

Request Context

KDPL had previously been identified as a member of the promoter group during the company’s offer document submission to SEBI. In its request letter dated September 2, 2026, KDPL cited its current lack of influence and shareholding in KSH International as the basis for the change.

According to the filing, KDPL does not hold any equity shares in the listed entity. Furthermore, KDPL states it is not associated with the business of KSH International beyond providing services in the ordinary course of business.

Control Assertions

In its request, KDPL certified that it:

• Does not exercise control over the affairs of the company directly or indirectly
• Has no special rights through formal or informal arrangements, including shareholder agreements
• Is not represented on the Board of Directors, including via nominee directors
• Holds no more than ten percent of total voting rights jointly with related persons

KDPL also confirmed it has no right to appoint directors or control management and policy decisions of KSH International.

KSH International has secured a factory license renewal for its Unit 3 from Maharashtra's Directorate of Industrial Safety and Health, with the license valid through December 31, 2030.

License renewal details

The renewed license covers KSH International's Unit 3 operations, which are engaged in the manufacture of round enamelled copper and aluminium winding wires. The license was granted by Maharashtra's Directorate of Industrial Safety and Health.

Operational continuity

With this renewal, KSH International continues its manufacturing operations at Unit 3, producing round enamelled copper and aluminium winding wires. The license from Maharashtra's Directorate of Industrial Safety and Health confirms regulatory compliance for the unit's ongoing production activities.