Sumeru Industries Limited conducted its separate meeting of Independent Directors on March 18, 2026, fulfilling regulatory requirements under Schedule IV of the Companies Act, 2013 and Regulation 25(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Duration

The Independent Directors' meeting was held at 2:00 PM on March 18, 2026, and concluded at 2:40 PM, spanning a duration of 40 minutes. The company formally communicated the meeting outcome to the Bombay Stock Exchange's Corporate Governance Department.

Key Agenda Items Reviewed

The Independent Directors addressed several critical governance matters during their separate meeting:

Regulatory Compliance and Governance

The meeting demonstrates Sumeru Industries Limited's commitment to maintaining robust corporate governance standards. The Independent Directors specifically evaluated the effectiveness of information flow between company management and the Board, ensuring that directors receive necessary information to perform their duties effectively and reasonably.

Company Communication

The meeting outcome was formally documented and communicated by Nidhi K. Shah, Company Secretary & Compliance Officer, who digitally signed the communication on March 18, 2026. The company requested the stock exchange to take the meeting details on record, maintaining transparency in corporate governance processes.

Sumeru Industries Limited has announced that Mrs. Pooja Raja, identified as a Person Acting in Concert (PAC), has acquired additional equity shares in the company through an off-market transaction. The disclosure was made on March 13, 2026, in compliance with SEBI regulations governing substantial acquisition of shares.

Transaction Details

The latest share acquisition transaction presents the following key parameters:

Updated Shareholding Analysis

The acquisition has resulted in a significant increase in Mrs. Pooja Raja's stake in the company:

Company Share Capital Structure

Sumeru Industries Limited maintains a consistent equity share capital structure throughout the transaction period. The company's total equity share capital remains unchanged at 7,20,00,000 equity shares of ₹1 each before and after the acquisition. This indicates that the transaction involved existing shares rather than any fresh issuance of equity.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Company Secretary and Compliance Officer Nidhi K. Shah submitted the required documentation to BSE Limited on behalf of Sumeru Industries Limited. The company is listed on BSE Limited with scrip code 530445.

Key Transaction Highlights

The acquisition represents several notable aspects:

• Mrs. Pooja Raja does not belong to the promoter or promoter group
• No encumbrances, voting rights other than shares, or convertible securities were involved
• The transaction was conducted entirely through off-market purchase
• Total diluted share capital remains at 7,20,00,000 equity shares post-acquisition