SPL Industries Limited has disclosed to the stock exchanges that Mr. Mukesh Kumar Aggarwal (DIN: 00231651) has completed his term as Managing Director of the company, with the cessation taking effect from the close of business hours on May 14, 2026. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Notably, Mr. Mukesh Kumar Aggarwal will continue to serve as a Director on the Board of the company following the conclusion of his tenure.

Key Details of the Change in Designation

The following table outlines the requisite disclosure as submitted by SPL Industries in accordance with applicable SEBI regulations and circulars:

Nature of Cessation

The company has explicitly clarified that the cessation from the designation of Managing Director is on account of the completion of Mr. Mukesh Kumar Aggarwal's term of appointment, and is not attributable to resignation or removal. This distinction is significant as it reflects a scheduled conclusion of his executive role rather than any involuntary or premature departure. Despite stepping down as Managing Director and Key Managerial Personnel, Mr. Mukesh Kumar Aggarwal will remain on the Board of Directors of SPL Industries Limited.

Regulatory Compliance

The intimation was filed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular ref no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, SEBI Circular ref no. SEBI/HO/CFD/CFDPoD-2/CIR/P/2024/185 dated December 31, 2024, and SEBI Master Circular ref no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure was signed and submitted by Vishal Srivastava, Company Secretary and Compliance Officer of SPL Industries Limited.

SPL Industries Limited has submitted a clarification to the National Stock Exchange and BSE regarding a shareholding discrepancy involving promoter group entity Sunil Kumar & Sons. The discrepancy relates to a difference of 216 shares between the company's quarterly shareholding pattern submissions and records maintained by the designated depository CDSL.

Shareholding Discrepancy Details

The company identified inconsistencies between its reported shareholding data and depository records for the promoter group entity. In quarterly shareholding patterns submitted to stock exchanges, SPL Industries reported 1,91,700 equity shares held by Sunil Kumar and Sons under the promoter and promoter group category. However, CDSL records reflected an additional entry of 216 equity shares in the same entity's name, but with a dummy PAN, creating the discrepancy.

Investigation and Resolution Process

Following detailed scrutiny with CDSL, the company discovered that the PAN against the 216 shares had not been updated, leading to the discrepancy. Further verification was conducted with the registrar and share transfer agent Kfin Technologies Limited. Through PAN-based demat account mapping at the designated depository level, the investigation confirmed the actual shareholding structure.

The verification process revealed that the total holding of 1,91,916 shares is distributed across two separate demat accounts:

• 1,91,700 shares held in the name of Sunil Kumar and Sons
• 216 shares held in another demat account under the name Sunil Jindal

Historical Context and Classification

The company noted that the 216 shares in question have been held in the respective demat account for a considerable period and were previously classified under the public category. These shares form part of the overall shareholding of the promoter group, with no recent acquisition or transaction activity involving these specific shares.

Corrective Measures

To ensure consistency between the designated depository CDSL records and the registrar Kfin Technologies Limited records, SPL Industries has decided to include the 216 shares under the promoter and promoter group category in subsequent shareholding pattern filings. This adjustment will align the company's reported shareholding data with the actual depository records and eliminate future discrepancies.

The clarification was signed by Managing Director Mukesh Kumar Aggarwal and submitted to both the National Stock Exchange and BSE for their records. This proactive disclosure demonstrates the company's commitment to maintaining accurate and transparent shareholding records in compliance with regulatory requirements.