Shanthi Gears Limited has announced a key leadership change with the resignation of its Chief Financial Officer. The company informed stock exchanges about the completion of this transition on March 19, 2026.

Leadership Transition Details

Mr. Ranjan Kumar Pati has resigned from his position as Chief Financial Officer and Key Managerial Personnel of Shanthi Gears Limited. The resignation became effective at the closing hours of March 19, 2026.

Regulatory Compliance

The company had previously intimated both stock exchanges about this leadership change on January 22, 2026. This advance notification demonstrates the company's commitment to maintaining transparency with regulatory authorities and stakeholders.

The formal communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with listing requirements under Regulation 30.

Official Communication

The announcement was signed by Walter Vasanth P J, Company Secretary & Compliance Officer of Shanthi Gears Limited. The communication was made through the respective electronic filing systems of both exchanges - NEAPS for NSE and BSE Listing Centre for BSE.

Shanthi Gears Limited, part of the Murugappa Group, operates from its registered office in Coimbatore and has been serving the industrial gears sector for over five decades.

Shanthi gears Limited has formally submitted applications to stock exchanges for the reclassification of a promoter group entity to public shareholder category under SEBI regulations. The company filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited on January 23, 2026.

Reclassification Details

The reclassification involves Algvista Greentech Private Limited, which is currently categorized as a promoter group entity. The company has provided detailed shareholding information for the entity seeking reclassification:

Regulatory Compliance Process

The reclassification process follows SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 31A. Shanthi Gears Limited has maintained transparency throughout the process by providing multiple intimations to the stock exchanges.

The company's compliance timeline includes three key dates:

• December 18, 2025: Initial intimation regarding receipt of reclassification request
• January 22, 2026: Notification of Board of Directors' approval for the reclassification
• January 23, 2026: Submission of formal applications to stock exchanges

Stock Exchange Communication

The company has communicated with both major Indian stock exchanges where its shares are listed. Shanthi Gears trades on NSE under the symbol SHANTIGEAR and on BSE under the code 522034. The formal applications were submitted through the respective electronic platforms - NEAPS for NSE and BSE Listing Centre for BSE.

Corporate Governance Implications

This reclassification represents a change in the company's promoter group structure, though it involves an entity with zero shareholding. The move demonstrates the company's commitment to regulatory compliance and transparent corporate governance practices. The reclassification will formally move Algvista Greentech Private Limited from the promoter group category to public shareholder category upon approval from the stock exchanges.