Shree Hari Chemicals Export Limited promoters will execute an inter-se transfer of 56,595 equity shares on September 18, 2026. The transaction is priced at ₹236 per share, reflecting a premium over the recent volume-weighted average market price.

The move is disclosed under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It falls under the exemption clause 10(1)(a)(ii), which permits transfers among promoters without triggering an open offer obligation.

Transaction Structure

Three promoters are acquiring shares from three other promoter entities. The total volume represents 0.90% of the company’s total share capital.

Ramu Raman Agarwal emerges as the largest net buyer in this specific tranche, acquiring 22,595 shares from two different sources within the promoter group.

Pricing and Compliance

The acquisition price of ₹236 per share is compared against the volume-weighted average market price of ₹194.19 per share for the 60 trading days preceding the notice date. The acquirers have declared that the acquisition price does not exceed 25% above this benchmark price.

The company confirmed that all conditions specified under Regulation 10(1)(a) regarding exemptions have been duly complied with. Furthermore, the transferors and transferees have adhered to the disclosure requirements under Chapter V of the Takeover Regulations for the preceding three years.

What the Numbers Show

The acquisition price implies a significant premium over the recent market average. The difference between the transaction price (₹236) and the 60-day VWAP (₹194.19) indicates the shares are being transferred at approximately 21.5% above the prevailing market valuation metric used for regulatory compliance. This suggests the internal valuation or negotiated price among promoters is higher than the recent secondary market trading levels.

Shree Hari Chemicals Export has scheduled its 39th Annual General Meeting for September 24, 2026, at 12:30 pm. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means, focusing on a ₹40.24 crore preferential warrant issue and significant related-party transaction approvals.

The company notified the BSE on September 2, 2026, regarding the submission of the Annual Report for FY25-26 along with the AGM notice. This filing was signed by Chairman & Managing Director Bankesh Chandra Agrawal. Shareholders can access the notice and the Annual Report via the company website and the BSE portal. Those without registered email addresses will receive a letter with a web-link to these documents.

E-Voting and Attendance

The company has engaged National Securities Depository Limited (NSDL) to provide e-voting facilities. Shareholders holding equity shares as on the cut-off date specified in the notice are eligible to vote. The facility for joining the AGM via VC/OAVM will remain open for at least 30 minutes before the scheduled start time and will not close until 30 minutes after the scheduled end time.

Shareholders who have not registered their email addresses are requested to do so by August 28, 2026. Physical mode shareholders must provide folio numbers, share certificate copies, PAN, and Aadhar cards to MUFG Intime India Pvt Ltd or the company. Demat holders must provide DPID/CLID details along with KYC documents.

Recent Board Approvals

Prior to the AGM, the board approved a preferential issue of 22,85,000 convertible warrants aggregating to ₹40.24 crore on August 25, 2026. The warrants are allotted to four promoter entities: Shri Nihit Agarwal, Smt Priyamvada Agarwal, Smt Avanticka Agarwal, and Smt Smradhi Agarwal.

Each warrant is convertible into one equity share of face value ₹10 at a premium of ₹166.10 per share. Investors must pay 25% of the issue price at subscription, with the remaining 75% due before exercise. Conversion must occur within 18 months from allotment.

Promoter Shareholding Impact

The table below details the proposed allotment and resulting post-conversion shareholding pattern.

Director Appointments and Remuneration

The board reappointed Shri Bankesh Chandra Agrawal as Chairman & Managing Director for three years effective November 11, 2026. Shri Sarthak Agarwal and Shri Nihit Agarwal were reappointed as Whole Time Directors for three years from the same date.

Mr. Shri Ram Gupta was reappointed as Independent Director for a second five-year term effective September 29, 2026. Shri Amrut Urkude was appointed as an Additional Independent Director for five years effective August 25, 2026.

Additionally, the AGM agenda includes the re-appointment of Shri Sanjay Kedia as Whole Time Director & CFO and Shri Vikas Agarwal as a director retiring by rotation. The board also seeks approval for a revision in the remuneration of Shri Sanjay Kedia, effective October 1, 2026.

Related Party Transactions and Strategic Approvals

The board approved alterations to the Object Clause in the Memorandum of Association to include businesses related to heavy machinery, infrastructure projects, and investments. The company also plans to expand its dye and dye intermediates units and invest in its wholly-owned subsidiary, Shakambhari Dyechem Private Limited.

A key agenda item involves the approval of material related-party transactions with Shubhalakshmi Polyesters Limited and Shubhlaxmi Dyetex Private Limited. The aggregate value of these transactions is capped at ₹50 crore each, totaling ₹100 crore. These transactions represent approximately 27.10% of the company's annual consolidated turnover for the preceding financial year.

Furthermore, shareholders will vote on increasing borrowing limits to ₹200 crore and creating charges on movable and immovable properties up to the same limit. The board also seeks approval for loans, guarantees, and investments up to ₹200 crore under Section 186 of the Companies Act, 2013.