Sampann Utpadan India Limited has accepted the resignation of Shiv Kumar as an Independent Director, effective August 11, 2026. The departure, driven by personal reasons and other professional commitments, also sees Kumar step down from his role as a member of the Nomination and Remuneration Committee. This change in Board composition was disclosed to stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company notified the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 11, 2026, regarding the cessation of Kumar’s tenure. Kumar, identified by DIN 10417082, had been associated with the company since February 02, 2024. His resignation letter, dated August 11, 2026, confirmed that there are no material reasons for his exit beyond those stated.

Resignation Details

Shiv Kumar tendered his resignation via a letter addressed to the Board of Directors. The resignation takes effect from the close of business hours on August 11, 2026. Along with vacating his position as an Independent Director, he automatically resigned from all committees of which he was a member, specifically the Nomination and Remuneration Committee.

Kumar confirmed in his resignation letter that there are no other material reasons for his departure. The company has been instructed to intimate the stock exchanges and regulatory authorities, including submitting necessary forms to the Registrar of Companies.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 read with Schedule III - Para A(7B) of Part A of the Listing Regulations and relevant SEBI Circulars. Saurabh Agrawal, Company Secretary of Sampann Utpadan India Limited, signed the intimation to the exchanges. The company noted that Kumar holds no directorship in any other listed entities at the time of his resignation.

What the Numbers Show

The departure of an Independent Director is a routine corporate governance event but impacts the composition of key board committees. With Kumar’s exit, the Nomination and Remuneration Committee will need to adjust its membership structure in accordance with listing regulations, potentially requiring the appointment of a new member to maintain quorum and compliance standards. The short tenure of approximately two years suggests this may be part of broader board rotation or personal career shifts rather than a long-term strategic alignment issue.

Promoter Sachin Agarwal acquired 8,00,000 equity shares of Sampann Utpadan India Limited through the conversion of convertible warrants on August 4, 2026. The acquisition increased his total stake in the company to 92,75,837 shares, representing 18.14% of the total diluted share capital. This move consolidates the promoter's holding by extinguishing outstanding warrant instruments and converting them into permanent equity.

The disclosure was filed with the National Stock Exchange of India Limited and BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing, signed by Sachin Agarwal on August 6, 2026, details the mechanics of the acquisition and the resulting changes in shareholding patterns.

Prior to this conversion, Sachin Agarwal held 84,75,837 shares carrying voting rights, which constituted 17.36% of the total share capital. He also held 8,00,000 warrants, which represented 1.56% of the diluted capital. The conversion process involved the preferential allotment of equity shares upon the exercise of these warrants.

Following the acquisition, all 8,00,000 warrants were converted into equity shares, leaving no outstanding warrants for the acquirer. His total holding now stands at 92,75,837 shares carrying voting rights. There are no encumbrances, pledges, or liens on these shares, nor are there any voting rights held otherwise than by equity shares.

Shareholding Structure Changes

The table below outlines the shift in Sachin Agarwal's holdings before and after the warrant conversion:

The company’s equity share capital increased from ₹48,81,00,000 divided into 4,88,10,000 equity shares of ₹10 each, to ₹51,11,00,000 divided into 5,11,10,000 equity shares of ₹10 each. The total diluted share capital remains at ₹51,11,00,000 post-conversion.

What the Numbers Show

The conversion of warrants into equity shares indicates a reduction in potential dilution for existing shareholders, as the contingent equity is now realized. With Sachin Agarwal identified as part of the Promoter group, this consolidation of holdings may signal stability in promoter commitment. The absence of any pledged shares suggests that the promoter’s current holdings are unencumbered, providing a clear view of their net exposure in the company.