Pervasive Commodities Limited has announced that its board of directors will meet on Wednesday, May 27, 2026, to discuss the company's financial performance. The meeting is scheduled to take place at 5:00 P.M. at the registered office located in Ahmedabad, Gujarat.

Agenda for the Meeting

The primary focus of the board meeting will be to consider the audited financial results of the company for the quarter and year ended on March 31, 2026. The board will also review the Auditor's Report accompanying these results. Additionally, the directors will discuss any other matters that may be permitted by the Chairperson during the meeting.

Meeting Details

The intimation was sent to BSE Limited pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was digitally signed by Fagun Chandrakant Soni, Managing Director of the company.

Pervasive Commodities Limited convened a Board of Directors meeting on 5th May, 2026, at its registered office located at C-806, Titanium City Canter, Near Sachin Tower, 100 Ft Road, Satellite, Ahmedabad, Gujarat. The meeting commenced at 4:00 P.M. and concluded at 5:00 P.M. In compliance with Regulations 30 and 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the outcome of the meeting to BSE Limited. Subsequently, the Company submitted a formal application for reclassification to BSE Limited on 9th May, 2026.

Board Approves Promoter Reclassification

The Board of Directors analyzed, considered, and approved request letters received from two entities seeking a change in their shareholder classification. M/s. Enigma Merchants LLP and M/s. Winspire Project Consultants Private Limited, both belonging to the 'Promoter and Promoter Group' category, had submitted their reclassification requests on 6th March, 2026, seeking a change in status to the 'Public' category pursuant to Regulation 31A of the Listing Regulations. The intimation regarding receipt of such requests had been duly submitted to the concerned stock exchange. Following board approval, the Company filed the reclassification application with BSE Limited on 9th May, 2026, and the reclassification remains subject to BSE Limited's approval.

Shareholding Details of Outgoing Promoters

The following table presents the shareholding details of the two entities seeking reclassification:

Combined, the two outgoing promoter entities hold 5,45,900 shares, accounting for 0.06% of the company's total shareholding. Both entities hold less than 1% of the total shareholding and voting rights in the Company.

Board's Rationale and Regulatory Compliance

The Board noted that the aforesaid entities are not involved in the management of the Company and do not exercise any control over its affairs, directly or indirectly. They do not hold any special rights, including veto rights or special information rights, and have not entered into any shareholders' agreement or any other agreement with the Company. Both entities have confirmed that they shall comply with all the conditions specified under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Upon receipt of BSE Limited's approval, the Company shall give effect to the reclassification in the shareholding pattern from the immediate succeeding quarter, in accordance with Regulation 31 of the Listing Regulations. The disclosure was signed by Fagun Chandrakant Soni, Managing Director of Pervasive Commodities Limited, in accordance with applicable regulatory requirements.