Standard Shoe Sole And Mould (India) Ltd. has claimed an exemption from Regulation 23(9) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 for the financial year ended March 31, 2026. The company communicated this to BSE Limited in a filing dated May 30, 2026, citing specific financial thresholds that render the regulation inapplicable.

The company stated that its paid-up equity share capital did not exceed ₹10 crore and its net worth did not exceed ₹25 crore as on the last day of the previous financial year. Based on these figures, the company invoked Regulation 15(2) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Consequently, Regulation 23(9) of the same regulations shall not be applicable to the company for the period ended March 31, 2026.

The disclosure was submitted by Sandeep Garg, Company Secretary & Compliance Officer, on behalf of the company. The request was made to BSE Limited to take the claim of exemption on record. The filing confirms that the company meets the criteria for exemption based on its financial position as of the end of the previous financial year.

Key Financial Thresholds

The following table outlines the thresholds cited by the company to support its claim for exemption:

Standard Shoe Sole And Mould (India) Ltd. has reclassified 13 entities belonging to the Promoter or Promoter Group to the Public Category following shareholder approval. The resolution received overwhelming support at the Extra-ordinary General Meeting (EGM) held on May 29, 2026, with 99.99% of votes cast in favour. This change alters the shareholding structure of the company, moving specific individuals and entities out of the promoter designation, reducing the total promoter shareholding by 6.55%.

The EGM was conducted via Video Conferencing and Other Audio Visual Means, with remote e-voting taking place from May 26 to May 28, 2026. Madhur Gandhi, Proprietor of M/s. Madhur Gandhi & Associates, served as the Scrutinizer for the voting process. The meeting was held in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the provisions of the Companies Act, 2013.

The Ordinary Resolution sought approval for the reclassification requests received from the concerned persons. A total of 11 shareholders participated in the voting process, combining both remote e-voting and votes cast during the meeting. The resolution required a simple majority to pass.

The final voting results showed a strong consensus among the shareholders. There were 13,16,912 votes cast in favour of the resolution, while only 60 votes were cast against it. No votes were recorded as abstained or invalid in the final tally.

The reclassification covers 3,35,000 shares, representing 6.55% of the company's shareholding. The entities reclassified include BG Chemicals Private Limited, Baldeo Das Bhaiya, Chemcrown Export Private Limited, and Krishna Devi Bhaiya, among others. The Scrutinizer's report confirmed that the Ordinary Resolution was duly passed with the requisite majority. Votes cast by related parties were not considered in the final results.