Polyspin Exports accepts VP Operation resignation effective May 28

Polyspin Exports Limited has accepted the resignation of Smt. Shwetha Ramji from the position of Vice President – Operation, effective from the close of business hours on May 28, 2026. The decision, taken by the Board of Directors on May 29, 2026, follows a recommendation by the Nomination and Remuneration Committee. The resignation was attributed to personal reasons.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that the resignation letter was inadvertently omitted from the initial submission on May 29, 2026, and has now been filed for the record.

Resignation Details

The company provided the specific details regarding the change in senior management personnel in an annexure to the regulatory filing.

Particulars	Details
Name of Senior Management Personnel	Smt. Shwetha Ramji
Reason for change	Resignation due to personal reason
Date of cessation	Close of business hours on May 28, 2026
Brief profile	Not Applicable
Disclosure of Relationships	Not Applicable

In her resignation letter dated May 19, 2026, Smt. Shwetha Ramji expressed gratitude to the Board and management team for their support and opportunities during her tenure. She requested that the necessary formalities be completed to process her exit.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.43%	+6.79%	+0.43%	-9.12%	-15.09%	-51.97%

Polyspin Exports Limited promoter Durga Ramji acquired 14,17,017 equity shares through transmission on June 2, 2026, following the demise of her husband, R. Ramji. The transaction was executed under Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which provides an exemption for inter-promoter transfers. Consequently, the aggregate shareholding of the entire promoter and promoter group remains unchanged at 46,82,926 equity shares, or 46.83% of the total share capital.

The disclosure regarding the acquisition was submitted to BSE Limited on June 5, 2026. The transmission of shares occurred as a result of the death of Shri R. Ramji, and the transfer is classified amongst the promoters. The shares have a face value of ₹5 per share.

Shareholding Details

The transmission altered the individual holdings of the promoter family members while maintaining the group's total stake. The following table outlines the pre- and post-transaction shareholding details:

Acquirer / Transferee	Pre-Transaction Shares	Pre-Transaction %	Post-Transaction Shares	Post-Transaction %
Durga Ramji	9,19,096	9.19%	23,36,113	23.36%
R. Ramji	19,16,596*	19.17%	4,99,579	4.99%

*Shri R. Ramji was holding shares in two demat accounts. The transmission of shares pertaining to one of the demat accounts has been completed.

The filing confirms that the disclosures required under Regulation 10(5) of the SEBI (SAST) Regulations were not applicable to this specific transaction, as indicated by the acquirer. The company secretary and compliance officer of Polyspin Exports Limited was copied on the communication to the stock exchange.