Lynx Machinery and Commercials Limited announced the appointment of Mr. Sunil Surve as Non-Executive Independent Additional Director, effective 8th May 2026. The decision was taken at the Board of Directors meeting held on 8th May 2026 and disclosed to the Bombay Stock Exchange in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Listing Regulations and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024. The key details of the appointment are presented below:

Profile of the Appointee

Mr. Sunil Surve is a graduate and retired professional with over 40 years of experience in Accounting and Finance. He is noted for strong leadership and execution capabilities, with a focused approach to corporate governance. Mr. Surve has previously served at board member and executive levels in several listed corporates, experience that the company considers a valuable asset.

Regulatory Compliance

The appointment was signed off by Padmanabh Jajodia, Director (DIN: 00086099), on behalf of Lynx Machinery and Commercials Limited from Mumbai. The disclosure fulfils the company's obligations under the applicable SEBI listing regulations, ensuring transparency with shareholders and market participants.

Lynx Machinery And Commercials Limited has formally notified the Bombay Stock Exchange (BSE) of its classification status under regulatory guidelines for large corporate entities. The Mumbai-based company submitted its annual disclosure confirming that it does not meet the criteria to be classified as a 'Large Corporate' under the applicable SEBI framework.

Regulatory Compliance Disclosure

The disclosure was made in accordance with SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which establishes the framework for fund raising by issuance of debt securities by large entities. This circular requires companies to annually declare their status regarding large corporate classification.

Company Information

Lynx Machinery And Commercials Limited operates from its registered office at Warden House, 340 J. J. Road, Byculla, Mumbai. The company holds CIN L29299MH1960PLC011870 and maintains its corporate identification under PAN AAACL4374K. Managing Director Pradyumna Jajodia (DIN 00138175) signed the disclosure letter, ensuring compliance with the mandatory annual reporting requirements.

SEBI Framework Implications

The SEBI circular dated November 26, 2018, establishes specific criteria for determining large corporate status, particularly in relation to debt securities issuance. Companies are required to assess their status annually and inform stock exchanges accordingly. This classification affects various regulatory obligations and compliance requirements for corporate entities in the Indian financial market.

The annual disclosure serves as an important regulatory filing that helps maintain transparency in corporate classification and ensures appropriate oversight based on company size and financial parameters. Lynx Machinery's confirmation of its 'Not a Large Corporate' status provides clarity to investors and regulatory authorities regarding its current classification under the SEBI framework.