Rajapalayam Mills Limited has released the pledge on 1,30,000 shares of Ramco Industries Limited following the repayment of a loan to Barclays Investments & Loans India Pvt. Ltd. The release of encumbrance took place on July 24, 2026, reducing the total promoter holding of encumbered shares to 1,15,000, or 0.13% of the total share capital. This development further de-leverages the promoter group’s stake in the listed entity.

Prior to this transaction, Rajapalayam Mills Limited held 2,45,000 encumbered shares, representing 0.28% of the total share capital of the target company. The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on July 24, 2026, in compliance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing details the promoter and PAC shareholding structure, indicating that the total promoter holding in Ramco Industries Limited stands at 4,76,16,701 shares, or 54.83% of the total share capital. The release of the pledge specifically impacts the holding of Rajapalayam Mills Limited, which retains a total promoter holding of 1,22,93,180 shares, or 14.16% of the company.

Details of Encumbrance Release

The following table outlines the specific details regarding the latest release of the pledge:

The reason cited for the release of the pledge was the repayment of the loan. The entity in whose favour the shares were previously encumbered was Barclays Investments & Loans India Pvt. Ltd. Other promoters listed in the disclosure, such as Smt. Nalina Ramalakshmi and Shri Pusapadi Ramasubramania Raja Venketrama Raja, reported no encumbrances on their respective holdings.

Ramco Industries Limited has re-appointed Shri Ajay Bhaskar Baliga as a Non-Executive Independent Director for a term of five years, effective from July 27, 2026, to July 26, 2031. The re-appointment was approved by shareholders through a postal ballot process that concluded on July 5, 2026. Baliga, who holds office until July 26, 2026, was deemed eligible for re-appointment under the Companies Act, 2013, and SEBI LODR Regulations.

The special resolution received overwhelming support, with 99.9992% of valid votes cast in favour. Shri K. Srinivasan, the appointed Practicing Chartered Accountant and Scrutiniser, confirmed the results in a report submitted on July 6, 2026. The e-voting process, conducted by Central Depository Services (India) Limited, was held between June 6, 2026, and July 5, 2026.

Voting Results Summary

The postal ballot notice was dispatched electronically on June 5, 2026, to 27,662 members who had registered their email addresses. The total membership stood at 29,824 as of the cut-off date of May 29, 2026. The resolution empowers the Board of Directors to take all necessary actions to implement the appointment effectively, adhering to Section 110 of the Companies Act, 2013.

Baliga brings over 40 years of experience in the Alcobev space, having served in senior roles at Diageo Plc, Allied Blenders and Distillers Private Ltd., and United Spirits Limited. He is also a Non-Executive Independent Director on the boards of E.I.D. - Parry (India) Limited, The Ramco Cements Limited, and Parry Sugars Refinery India Private Limited.