Landsmill Green Limited has withdrawn its application seeking no-objection from stock exchanges for the reclassification of promoter shares to the public category. The decision follows specific withdrawal requests submitted by the promoters.

The company filed the withdrawal with BSE Limited and National Stock Exchange of India on October 16, 2026. This action reverses the earlier application made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Promoter Withdrawal Requests

Three individuals associated with the promoter group formally requested the cancellation of their reclassification applications. These letters were addressed to the Board of Directors on October 16, 2026.

Each promoter explicitly stated their consent to cancel the reclassification request previously made to the company. The company acknowledged these individual withdrawals in its official filing to the exchanges.

Regulatory Context

The initial application aimed to move shares from the "Promoter/Promoter Group" category to the "Public" category. This process is governed by Regulation 31A of the SEBI LODR Regulations, which allows for such reclassifications subject to exchange approval and specific conditions.

By withdrawing the application, the company ensures that the shareholding pattern remains unchanged with respect to the promoter classification. The Managing Director, Ankit Mehra, signed the official communication to the exchanges confirming this development.

Landsmill Green Limited shareholders passed all resolutions at the 24th Annual General Meeting held on September 29, 2026. The scrutinizer report submitted on October 1, 2026, confirmed that the adoption of FY26 financial statements and the deletion of FMCG objects received overwhelming support.

The meeting was conducted virtually through Video Conferencing and Other Audio Visual Means, with no physical venue required for members. The primary agenda involved the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. These documents were presented alongside the reports from the Board of Directors and the statutory auditors.

Special business and object alteration

In addition to routine matters, shareholders considered a special resolution regarding the company's operational scope. The proposal sought the deletion of main objects related to the Fast Moving Consumer Goods (FMCG) sector. This change necessitates a consequential alteration to the Memorandum of Association. The move signals a strategic refinement of the company's core business activities, removing FMCG-related clauses from its charter documents.

Voting results and scrutiny

The e-voting period remained open from September 26, 2026, to September 28, 2026. Members as on the cut-off date of September 22, 2026, were entitled to vote. NVB & Associates served as the scrutinizer, verifying votes cast via the electronic system provided by MUFG Intime India Private Limited.

For the ordinary resolutions to adopt the standalone and consolidated financial statements, 14,01,81,136 votes were cast in favor, representing 99.99% of valid votes. Only 4 members voted against, casting 16,860 votes.

For the special resolution to delete FMCG objects and alter the Memorandum of Association, 14,01,26,989 votes were recorded in favor, constituting 99.95% of valid votes. Four members voted against this proposal with 70,800 votes.

Meeting proceedings and attendance

Mr. Lakhmendra Khurana, Chairperson and Director, chaired the session. All directors and key managerial personnel attended via the virtual platform. Statutory auditors, secretarial auditors, and the scrutinizer were also present to oversee compliance. No shareholder registered as a speaker for the meeting. The final results have been uploaded to the company website and stock exchanges.

New data reveals that 58 members attended the meeting through Video Conferencing. This included 13 representatives from the Promoter and Promoter Group/Director/KMP category and 45 public shareholders. The meeting commenced at 4:00 pm and concluded at 4:17 pm.