Standard Shoe Sole And Mould (India) Ltd. Board Approves EGM on May 29, 2026 and Appoints Internal Auditor for FY 2025-26

The Board of Directors of Standard Shoe Sole And Mould (India) Ltd. held a meeting on Wednesday, May 6, 2026, approving a series of corporate actions pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 16:30 PM and concluded at 21:10 PM. The disclosures were submitted to BSE Limited's Listing Department in accordance with applicable regulatory requirements.

EGM Scheduled for May 29, 2026

The board approved the convening of an Extra-ordinary General Meeting (EGM) on Friday, May 29, 2026, at 12:00 PM, to be held through video conference or Other Audio-Visual Means (OAVM). Key procedural dates and appointments associated with the EGM are outlined below:

Parameter:	Details
EGM Date:	Friday, May 29, 2026 at 12:00 PM
Mode:	Video Conference / OAVM
Cut-off Date:	May 22, 2026
Register Closure:	May 23, 2026 to May 29, 2026 (both days inclusive)
Scrutinizer:	Mr. Madhur Gandhi, Madhur Gandhi & Associates, Practicing Company Secretaries

The Register of Members and Share Transfer Books of the company will remain closed from May 23, 2026 to May 29, 2026 (both days inclusive). Mr. Madhur Gandhi, a Practicing Company Secretary of Madhur Gandhi & Associates, has been appointed as Scrutinizer to oversee the electronic voting and remote e-voting process for the EGM.

Internal Auditor Appointed for FY 2025-26

In a separate resolution, the board approved the appointment of Aniket & Co., Chartered Accountants as Internal Auditor of the company for FY 2025-26, pursuant to Section 138 of the Companies Act, 2013. The appointment was made effective May 6, 2026. Details of the appointment as disclosed under SEBI (LODR) Regulations, 2015 are as follows:

Parameter:	Details
Name of Auditor:	Aniket & Co., Chartered Accountants
Reason:	Appointment as Internal Auditor
Date of Appointment:	May 6, 2026
Term of Appointment:	Internal Audit for FY 2025-2026
Office Address:	#7-1-396/1/A, Prem Nivas, S. R. Nagar, Hyderabad – 38, India
Regulatory Basis:	Section 138 of Companies Act, 2013

The disclosure further confirms that the question of relationships between directors is not applicable in the context of this appointment, as Aniket & Co. has been engaged in an auditor capacity rather than as a director.

Board Resolutions at a Glance

The following is a summary of all resolutions approved at the May 6, 2026 board meeting:

Approval of EGM to be held on May 29, 2026 at 12:00 PM via video conference/OAVM
Fixing of May 22, 2026 as the cut-off date for the EGM
Closure of Register of Members and Share Transfer Books from May 23, 2026 to May 29, 2026
Appointment of Mr. Madhur Gandhi as Scrutinizer for electronic and remote e-voting at the EGM
Appointment of Aniket & Co., Chartered Accountants as Internal Auditor for FY 2025-26

The outcome was communicated to BSE Limited by Rakesh Kolla, Whole-time Director (DIN – 09785871), on behalf of Standard Shoe Sole And Mould (India) Ltd., headquartered at 201 B, 2nd Floor, Shangrilla Plaza, Road No 2, Park View Enclave, Banjara Hills, Hyderabad, Telangana, India – 500034.

Standard Shoe Sole And Mould (India) Ltd has successfully obtained approval from BSE Limited for the reclassification of multiple promoters from the Promoter/Promoter Group category to Public category. The company received BSE approval on April 02, 2026, following its application submitted on February 17, 2025.

Regulatory Framework and Approval Details

The reclassification has been approved under two distinct regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE granted approval through letters numbered LIST/COMP/KR/006/2026-27 and LIST/COMP/KR/007/2026-27, both dated April 02, 2026.

Reclassification Under Regulation 31A(10)

Under this regulation, one entity has been reclassified:

Entity:	Pre-Classification	Post-Classification	Shares	Shareholding
BG Chemicals Private Limited	Promoter	Public	16,393	0.32%

Reclassification Under Regulation 31A

Thirteen individual promoters have been reclassified under this regulation:

Promoter Name:	Shares	Shareholding
Baldeo Das Bhaiya	6,000	0.12%
Chemcrown Export Private Limited	4,000	0.08%
Krishna Devi Bhaiya	52,000	1.10%
Krishna Kumar Maheshwari	48,800	0.94%
Madhu Bhaiya	36,000	0.69%
Manoj Kumar Bhaiya	3,000	0.06%
Sharad Bhaiya	98,500	1.90%
Saroj Devi Bhaiya	55,100	1.06%
Shashi Bhaiya	30,800	0.59%
Total (13 entities)	3,35,000	6.55%

Impact on Shareholding Structure

The reclassification significantly alters the company's shareholding pattern. The combined effect of both reclassifications results in a substantial shift in ownership structure:

Category:	Pre-Reclassification	Post-Reclassification
Promoter Holding (Shares)	4,19,593	84,593
Promoter Holding (%)	8.10%	1.55%
Public Holding (Shares)	47,61,907	50,96,907
Public Holding (%)	91.90%	98.45%

Corporate Governance Enhancement

This reclassification represents a significant step toward enhanced corporate governance and increased public participation in the company's ownership. The reduction in promoter holding from 8.10% to 1.55% demonstrates the company's commitment to broader public ownership and improved transparency.

The approval letters have been forwarded to depositories and the company's Registrar and Transfer Agent for necessary implementation. The reclassification became effective following BSE's formal approval on April 02, 2026, marking a milestone in the company's corporate structure evolution.