Shivamshree Businesses Limited has withdrawn the proposed preferential allotment of 1,43,50,000 equity shares following a Board meeting on June 12, 2026. The decision was driven by macroeconomic volatility and capital market conditions, alongside the inability of proposed allottees to participate due to strategic constraints. Consequently, the issuance intended to raise funds at ₹2.30 per share has been cancelled. Additionally, the company has rescheduled its 43rd Annual General Meeting (AGM) to July 7, 2026, and revised the associated book closure and e-voting timelines.

Withdrawal of Preferential Allotment

The Board of Directors evaluated the fund-raising initiative and determined that proceeding with the preferential issue would not align with the company's value-creation objectives. The allottees, including promoter group members, expressed their inability to participate given current market sentiment and pricing dynamics. The total consideration for the cancelled allotment was ₹3,30,05,000. The withdrawal implies that the identified allottees will not receive the additional shares as previously planned.

Rescheduling of 43rd AGM

The Board resolved to cancel the 43rd AGM originally set for June 29, 2026. The meeting has been rescheduled to Tuesday, July 7, 2026, at 11:30 A.M. IST via Video Conferencing. The primary agenda includes the adoption of the Audited Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.

Revised Statutory Dates

Pursuant to the rescheduling, the company has withdrawn the previously intimated book closure and cut-off dates. The revised schedule for the AGM is as follows:

The Board also approved the Board's Report, including the Management Discussion and Analysis Report and Corporate Governance Report for FY26. The meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shivamshree Businesses Limited has announced the resignation of its Company Secretary and Compliance Officer, Deepank Agrawal. The resignation is effective from the close of business hours on June 30, 2026, as the executive pursues new opportunities for career growth and aspirations. The company confirmed there are no other material reasons for his departure.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Managing Director Prafulbhai Parshottambhai Bavishiya on June 10, 2026. Agrawal served in the role for four years, contributing to the company's compliance and governance functions.

Resignation Details

The following table outlines the key details regarding the change in Key Managerial Personnel:

Agrawal confirmed in his formal resignation letter that he would ensure a smooth transition of his responsibilities during the notice period. He also requested the company to complete necessary statutory filings, including the submission of Form DIR-12 with the Registrar of Companies and requisite intimations to the Stock Exchanges.