Promoter Kurjibhai Premjibhai Rupareliya has reduced his stake in aqylon nexus by selling 84,04,451 equity shares. The disclosure was submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The sale was conducted via the open market on May 21, 2026. Prior to the transaction, the acquirer held 51.92% of the total paid-up equity share capital of the company. The disposal involved shares carrying voting rights, amounting to 3.31% of the company's total share capital.

Post-Transaction Holdings

Following the disposal, the promoter's holding has decreased to 48.60%. The total number of shares held by the acquirer post-transaction is 12,33,22,428 equity shares. A portion of the promoter's holding remains encumbered, with 2,90,00,000 shares pledged.

Company Capital Structure

The equity share capital of Aqylon Nexus Limited remained unchanged at 25,37,30,560 equity shares of ₹1 each before and after the transaction. The total diluted share capital also stands at 25,37,30,560 equity shares.

The Board of Directors of aqylon nexus convened on May 20, 2026, to address key corporate governance and strategic matters. During the meeting, the board accepted the resignation of Mr. Suresh Govind Khilari from the post of Chief Financial Officer (CFO). The resignation is effective from the close of business hours on May 20, 2026, due to personal reasons cited by the official.

Shareholding Proposals

In addition to the executive changes, the board acknowledged receipt of significant shareholding proposals. M/s E Trav Tech Limited submitted a proposal expressing its intention to sell 51% or more of the share capital. Similarly, M/s Rribada Films Private Limited also submitted a proposal to sell 51% or more of its shareholding in the company.

The company has indicated that it will make the requisite disclosures in accordance with Regulation 30(6) read with Para A(1) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These disclosures will be made upon the final decision of the Board of Directors regarding the proposals.

CFO Resignation Details

The departure of the CFO was formalized with immediate effect. The specific details regarding the cessation were provided in compliance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The board has taken note of the resignation and will undertake the necessary steps to intimate the relevant statutory authorities and regulatory bodies.

The meeting, which commenced at 05:00 P.M. and concluded at 05:25 P.M., was chaired to ensure all regulatory and procedural requirements were met following these developments.