Sanathnagar Enterprises Limited shareholders approved the reclassification of three key entities from the "Promoter and Promoter Group" category to the "Public" category during their Annual General Meeting held on September 30, 2026.

The approval covers Mr. N.P.S. Shinh, Mrs. Manita Shinh, and M/s. Continuous Forms (Calcutta) Ltd. This change was passed with the requisite majority as per SEBI regulations.

Regulatory compliance and effective date

The reclassification is effective immediately. Consequently, these individuals and the entity will no longer be reported under the "Promoter and Promoter Group" head in future shareholding pattern filings with stock exchanges. This action aligns with Regulations 30 and 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Impact on shareholding disclosures

Going forward, the company will file shareholding patterns excluding these names from the promoter group. The voting results regarding this specific agenda item were filed separately with the exchanges. The intimation was submitted to BSE Limited, citing the need for record updates under Regulation 31 of the SEBI Listing Regulations.

Other key resolutions passed at the 79th AGM

The 79th Annual General Meeting, held via Video Conferencing/Other Audio-Visual Means, saw the passage of six resolutions. Key approvals included the adoption of audited financial statements for FY26, the appointment of M/s. Walker Chandiok & Co LLP as Statutory Auditors for five years, and the re-appointment of two Independent Directors for a second term.

Mr. Rameshchandra Chechani was also approved for re-appointment as Non-Executive Non-Independent Director following his retirement by rotation. Ms. Ritika Bhalla and Mr. Jinesh Shah were re-appointed as Independent Directors for another five-year term.

Voting participation and scrutiny

Voting results indicate that 73.48% of the total outstanding shares participated in the e-voting process. The Scrutinizer, Mr. Shravan Gupta, confirmed that all resolutions were passed with the requisite majority. Notably, for the reclassification resolution, promoters seeking reclassification did not vote, adhering to Regulation 31A requirements.

Sanathnagar Enterprises will hold its 79th Annual General Meeting on September 30, 2026. The meeting is scheduled for 11:30 am and will be conducted through Video Conference or Other Audio-Visual Means.

The company issued the notice on August 21, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations and relevant circulars from the Ministry of Corporate Affairs. Advertisements regarding the meeting were published in the Financial Express (All India Edition) and Mumbai Lakshdeep (Mumbai Edition).

Meeting Details

The AGM aims to transact business as set forth in the official notice. Electronic copies of the notice and the Annual Report for FY25-26 will be dispatched to members with registered email addresses. These documents are also available on the company’s website and the BSE Limited portal.

Physical copies of the notice and annual report will be sent only upon request from shareholders. In accordance with Regulation 36 of the Listing Regulations, the company is sending letters with website links to shareholders who have not registered their email addresses.

Key Agenda Items

The Board has proposed several key resolutions for shareholder approval:

• Statutory Auditor Appointment: M/s. Walker Chandiok & Co LLP, Chartered Accountants, will be appointed as Statutory Auditors for a term of five consecutive years, replacing M/s. MSKA & Associates LLP. The remuneration for FY26-27 is set at ₹4,00,000, excluding applicable taxes and out-of-pocket expenses.
• Director Re-appointments:
  • Mr. Rameshchandra Chechani retires by rotation and offers himself for re-appointment as a Non-Executive Non-Independent Director.
  • Ms. Ritika Bhalla and Mr. Jinesh Shah seek re-appointment as Independent Directors for a second term of five consecutive years, effective July 22, 2027, to July 21, 2032.
• Promoter Reclassification: Shareholders will vote on reclassifying Continuous Forms (Calcutta) Limited, N P S Shinh, and Manita Shinh from the "Promoter and Promoter Group" category to the "Public" category. This move involves a total shareholding of 72,090 equity shares (2.28%).

Promoter Reclassification Impact

The reclassification of outgoing promoters will adjust the shareholding pattern as follows:

Lodha Developers Limited will continue to constitute the Promoter and Promoter Group, holding 72.70% of the equity shares.

Shareholder Instructions

Members holding shares in dematerialized form must update their email and bank details through their respective Depository Participants. For physical shareholders, it is mandatory to furnish PAN, nomination choice, contact details, bank account information, and specimen signatures to the Registrar and Share Transfer Agent, CIL Securities Limited.

Dividends for physical folios with incomplete KYC details by the prescribed cut-off date will be held back until the information is updated. The company emphasized that such dividends will be released electronically only after compliance.

E-Voting Process

Shareholders can cast votes remotely via the e-voting system or during the AGM. Detailed instructions for remote e-voting are included in the meeting notice. The remote e-voting period commences on Sunday, September 27, 2026, at 9:00 am and concludes on Tuesday, September 29, 2026, at 5:00 pm. The cut-off date for eligibility is Wednesday, September 23, 2026.

The company secretary, Abhijeet Shinde, confirmed the adherence to all applicable provisions of the Companies Act, 2013, and SEBI regulations.