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.

Standard Shoe Sole And Mould (India) Ltd narrowed its net loss to ₹11.61 lakh for the financial year ended March 31, 2026, from ₹18.56 lakh in the previous year, with zero revenue from operations. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The statutory auditor, S. Daga & Co., issued an unmodified opinion on the standalone financial results.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹4.24 lakh, compared to a loss of ₹6.21 lakh in the corresponding period of the previous year. Total expenses for the quarter stood at ₹4.24 lakh, comprising employee benefit expenses of ₹0.75 lakh and other expenses of ₹3.49 lakh. The company reported no revenue from operations or other income during the period.

Paid-up equity share capital remained constant at ₹518.15 lakh. Earnings per share (basic) for FY26 were reported at (0.22), an improvement from (0.36) in the prior year. Reserves excluding revaluation reserve stood at (609.13) lakh as of March 31, 2026, compared to (597.52) lakh in the previous year.

Financial Performance Summary

The company's cash flow statement indicates a net increase in cash and cash equivalents of ₹1.47 lakh for FY26, bringing the closing balance to ₹1.56 lakh. This was primarily driven by financing activities, which included short-term loans from directors amounting to ₹14.05 lakh. Cash used in operating activities was ₹12.58 lakh.

The board meeting, which commenced at 12:30 p.m. and concluded at 4:10 p.m., also reviewed the company's compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rakesh Kolla, Whole-time Director, signed the disclosures on behalf of the company.