Rupa & Company Limited announced the death of Mr. Ashok Bhandari, a Non-Executive Independent Director, on August 03, 2026. The disclosure was made to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Bhandari’s departure creates a vacancy in the company’s governance structure, requiring immediate procedural action to maintain regulatory compliance.

The filing, signed by Whole-time Director Ramesh Agarwal, confirms that Mr. Bhandari (DIN: 00012210) passed away on August 03, 2026. He had been associated with the company as a Non-Executive Independent Director since August 10, 2018. The company described his guidance and contributions as deeply appreciated, noting his demise as an irreparable loss.

Regulatory Compliance and Next Steps

Consequent to the director's demise, Rupa & Company Limited committed to ensuring the adequate reconstitution of the Board and its Committees within the timelines specified by law. This process is mandatory under SEBI Listing Regulations to maintain the required proportion of independent directors and functional board committees.

The disclosure aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company submitted Annexure-A with the exchange filings, detailing the particulars of the change in board composition.

Director Details

Governance Impact

The loss of an independent director requires the company to appoint a replacement to preserve the balance of expertise and independence on the Board. While the source document does not specify a timeline for the new appointment, standard regulatory frameworks typically require such vacancies to be filled at the next board meeting or general meeting, depending on the specific committee requirements affected by the vacancy.

rupa & company disclosed that its promoter and promoter group, along with persons acting in concert, jointly hold 5,82,75,545 equity shares as on March 31, 2026. The company confirmed that no encumbrance was made on these shares directly or indirectly during the financial year 2025-26. This declaration ensures that the core shareholding remains unpledged, providing stability to the ownership structure.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was signed by Kunj Bihari Agarwal, Managing Director, on April 09, 2026.

Promoter and Promoter Group Details

The shareholding is distributed across various individuals and entities within the promoter and promoter group. The list includes key figures such as Prahlad Rai Agarwala, Ghanshyam Prasad Agarwala, and Kunj Bihari Agarwal, along with several family members and HUFs.

• Prahlad Rai Agarwala holding shares jointly with Ghanshyam Prasad Agarwala and Kunj Bihari Agarwal on behalf of Binod Hosiery.