Spinaroo Commercial Limited has officially withdrawn its proposal for the preferential issue of 7,89,000 equity shares, informing BSE Limited through a regulatory filing dated April 06, 2026. The proposed issue was part of a strategic acquisition plan involving Spino Poly Products Private Limited through a share swap mechanism.

Timeline of Corporate Actions

The company had followed a structured approval process for the proposed preferential issue before deciding to withdraw:

Share Issue Details

The proposed preferential issue involved:

• Share Quantity: 7,89,000 equity shares
• Issue Basis: Preferential allotment
• Purpose: Share swap for acquisition of Spino Poly Products Private Limited
• Current Status: Withdrawn and postponed

Regulatory Compliance

The withdrawal intimation was filed under Regulation 30 of SEBI LODR Regulations 2015, ensuring compliance with disclosure requirements. Company Secretary Megha Khanna signed the regulatory filing, maintaining transparency with stakeholders about the corporate decision.

Strategic Implications

The withdrawal represents a significant shift in the company's acquisition strategy. Despite having secured both board and shareholder approvals, the management decided to postpone the preferential issue, effectively putting the acquisition of Spino Poly Products Private Limited on hold.

The company has requested BSE Limited to take the withdrawal submission on record, formally concluding the preferential issue process that had been initiated earlier in 2026.

Spinaroo Commercial Limited has filed its annual declaration under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the financial year 2025-26. The disclosure, submitted to BSE Limited on April 6, 2026, confirms that the company's promoters have not created any encumbrance on their shareholdings during the reporting period.

Regulatory Compliance Declaration

The annual declaration was submitted in accordance with Regulation 31(4) read with Regulation 31(5) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Company Secretary and Compliance Officer Megha Khanna (ACS 39062) filed the disclosure on behalf of the company with BSE Limited, where the company's shares are listed under scrip code 544392.

Promoter Group Structure

The company's promoter group consists of five entities holding shares across individual and HUF categories. The detailed shareholding structure reveals the distribution of ownership among key stakeholders:

Key Declaration Details

Aditya Todi, representing the promoter group, submitted the declaration dated April 1, 2026, confirming that promoters and persons acting in concert have not created any encumbrance on company shares during FY 2025-26. The declaration was addressed to both the company's Audit Committee and BSE Limited, ensuring comprehensive regulatory compliance.

Corporate Information

Spinaroo Commercial Limited, formerly known as Spinaroo Commercial Private Limited, operates under CIN L74999WB2012PLC184812. The company maintains its registered office and manufacturing units at Jalan Industrial Complex in Howrah, Kolkata. The annual disclosure represents part of the company's ongoing commitment to regulatory transparency and corporate governance standards.