Modern Shares & Stockbrokers Limited has submitted its mandatory disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing the promoter shareholding position as of March 31, 2026.

Promoter Shareholding Details

The disclosure, filed on April 6, 2026, reveals that the promoters, promoter groups, and persons acting in concert (PACs) collectively hold 21,34,784 equity shares of the company. The filing was authorized by Mr. Anil Manghnani, Whole Time Director and Promoter, on behalf of all promoters and associated entities.

Composition of Promoter Group

The promoter group comprises eight entities across different categories:

Key Highlights

The disclosure confirms several important aspects of the promoter shareholding:

• M/s. Bhagwanti Exports Pvt. Ltd. emerges as the largest single shareholder among the promoter group
• No encumbrance of shares occurred during the financial year ended March 31, 2026
• The filing maintains compliance with SEBI regulations for substantial shareholding disclosure
• All promoters and PACs have been duly represented in the consolidated disclosure

Regulatory Compliance

The disclosure was signed by Company Secretary and Compliance Officer Vibha Axit Gandhi and submitted to the Bombay Stock Exchange Limited. The filing ensures transparency in promoter shareholding and adherence to regulatory requirements under SEBI (SAST) Regulations, 2011.

Modern Shares & Stockbrokers Limited has notified BSE Limited about its exemption from certain SEBI disclosure requirements related to related party transactions. The company's communication, dated April 1, 2026, clarifies that it falls below the regulatory thresholds that would mandate compliance with specific corporate governance provisions.

Regulatory Exemption Details

Under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, companies meeting certain size criteria are exempt from various corporate governance provisions. The regulation specifically exempts listed entities with paid-up equity share capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore as on the last day of the previous financial year.

Company's Financial Position

Based on the company's latest audited accounts as at March 31, 2025, Modern Shares & Stockbrokers meets the exemption criteria:

Exempted Compliance Requirements

The exemption covers multiple regulatory provisions including Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and specific clauses of Regulation 46, along with Para C, D and E of Schedule V. Most notably for this disclosure, the company is exempt from Regulation 23(9), which mandates the disclosure of related party transactions on a consolidated basis.

Impact on Disclosure Obligations

As a result of this exemption, Modern Shares & Stockbrokers is not required to submit the "Disclosure of Related Party Transactions for the year March 31, 2026" as typically required under Regulation 23(9) of the SEBI (LODR) Regulations, 2015. The communication was signed by Anil Sugno Manghnani, Whole Time Director (DIN: 00012806), and submitted to BSE Limited for information and record purposes.