Shivalik Rasayan Limited disclosed on July 28, 2026, that former Director Sanjay Bansal sold 60,000 equity shares in the company through the open market. The transaction, valued at ₹1,54,55,262, was executed across both the National Stock Exchange of India Ltd (NSE) and BSE Limited between July 24 and July 28, 2026. This disposal reduces Bansal’s total holding from 1,60,000 equity shares (1.01% of the company’s share capital) to 1,00,000 equity shares (0.63%).

The disclosure was made pursuant to Regulation 7(3) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Shivalik Rasayan submitted Form-D to the stock exchanges, identifying Bansal as a connected person due to his role as a former director. The filing confirms that the value of the transaction excludes taxes, brokerage, and any other associated charges.

Transaction Details

The following table outlines the specifics of the share disposal by Sanjay Bansal:

Parul Choudhary, Company Secretary & Compliance Officer of Shivalik Rasayan, signed the intimation letter addressed to the exchanges. The document was digitally signed by Parul Arora on July 28, 2026, at 16:06:06 +05'30'. The company’s registered office is located in Kolhupani, Dehradun, while its corporate office is based in New Delhi.

Regulatory Compliance

Shivalik Rasayan requested the exchanges to treat the intimation as compliance with Regulation 7(3) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing explicitly states that no derivatives were traded by the connected person during this period. The ISIN for the company’s equity shares is INE788J01021. The disclosure ensures transparency regarding insider trading activities involving connected persons as mandated by securities regulations.

Shivalik Rasayan Limited has scheduled its Extra-Ordinary General Meeting (EGM) for Thursday, August 20, 2026, to transact business as set out in the notice. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) starting at 1:00 PM IST from Hotel Saffron Leaf, GMS Road, Dehradun, Uttarakhand. This procedural step ensures shareholder approval for specific corporate actions pending before the Board.

The company notified shareholders via email on July 24, 2026, while physical notices were dispatched on July 27, 2026. In compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the firm engaged Central Depository Services (India) Limited (CDSL) as the agency for providing e-voting facilities.

Shareholders are required to register or update their email addresses to participate. Those holding shares in physical mode must submit requests with their Name, Folio Number, complete address, and self-attested PAN Card to cs@shivalikrasayan.com or beetalrta@gmail.com . Demat account holders should update details directly with their Depository Participants. The cut-off date for entitlement to vote is August 13, 2026.

Remote e-voting allows members to cast votes electronically before the meeting. The facility operates within a strict window, ensuring timely aggregation of shareholder sentiments. Members who have already voted remotely may attend the EGM but cannot vote again during the session.

E-Voting Schedule

Any person acquiring shares after the notice dispatch but holding them on the cut-off date can obtain User ID and password by emailing helpdesk.evoting@cdslindia.com with DP ID and Client ID/Folio Number. Queries regarding the CDSL e-Voting System can be directed to helpdesk.evoting@cdslindia.com or via phone at 022-23058738 and 022-23058542/43.

What the Numbers Show

The scheduling of the EGM indicates a specific corporate action requiring shareholder consent beyond routine annual matters. The reliance on VC/OAVM reflects ongoing regulatory allowances for virtual meetings, ensuring broader accessibility for geographically dispersed investors. The tight three-day voting window (August 17–19) requires prompt action from shareholders to ensure their votes are recorded before the platform disables on August 19.