Royal Sense promoter Rishabh Arora released the pledge on 10,00,000 shares on September 17, 2026. The disclosure was filed with BSE Limited on September 21, 2026.

The shares were encumbered in favor of Comfort Securities Limited as security for financial assistance. The release brings the promoter's total encumbered holding to nil.

Shareholding Details

Arora holds a total of 32,90,140 shares in the company, representing 61.50% of the total share capital and 57.29% of the diluted share capital. Prior to this release, he had no other encumbered shares reported in this specific transaction block.

Regulatory Context

The disclosure was made in terms of Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The event type is recorded as a release of pledge.

Royal Sense Limited has scheduled its third annual general meeting for September 28, 2026. The board recommended the re-appointment of Rishabh Arora as Managing Director and proposed a doubling of authorized share capital to ₹20 crore.

The meeting will be held via video conferencing and other audio visual means at 12:30 pm. Shareholders holding shares as on September 21, 2026 are eligible to vote. Remote e-voting is open from September 25 to September 27, 2026.

Key Board Resolutions

The board approved several administrative and governance matters during its session on September 3, 2026:

• Re-appointment of Managing Director: Mr. Rishabh Arora was recommended for re-appointment as Managing Director. The term spans from September 28, 2026, to September 28, 2029.
• AGM Scheduling: The third annual general meeting is set for Monday, September 28, 2026.
• Scrutinizer Appointment: Ms. Mayuri Sinha, Proprietor of Mayuri Sinha & Co., was appointed as the scrutinizer for the e-voting process. She replaces Mr. Sumit Bajaj, who was appointed in July 2026.

Capital Restructuring and ESOP

The company seeks shareholder approval to increase its authorized share capital from ₹10 crore (1 crore equity shares) to ₹20 crore (2 crore equity shares). This move aims to facilitate future fund raising through equity or debt instruments.

Additionally, the AGM will consider the Royal Sense Limited Employee Stock Option Plan 2026. The scheme allows granting options to eligible employees, capped at 10% of the paid-up capital. Options vest after a minimum period of one year.

Related Party Transactions

Shareholders must approve material related-party transaction limits for FY27:

These transactions involve the purchase/sale of goods and availing/rendering of services. The board asserts these deals are conducted on an arm's length basis.

Leadership Profile

Mr. Arora brings over eighteen years of experience as a Pharmacist to the role. He oversees overall business operations, including business development, administration, and policy formulation. The Nomination and Remuneration Committee recommended his re-appointment. His remuneration is capped at ₹60 lakh per annum including perquisites and allowances.

Harmmeet Singh, who retires by rotation, also offers himself for re-appointment as Director.