Suyog Telematics Limited has confirmed that no new encumbrances were created on shares held by its promoters or persons acting in concert during the financial year 2025-26. The disclosure, submitted to BSE Limited and National Stock Exchange of India Limited, was made pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration ensures that any existing pledges remain the only liabilities against promoter-held shares as of March 31, 2026.

Shivshankar Lature, a promoter of Suyog Telematics Limited , provided the details on behalf of the promoters and promoter group. The filing explicitly states that aside from previously disclosed information, no direct or indirect encumbrance was established on the company's shares by the promoters during the specified period.

The disclosure includes a detailed table of the outstanding encumbrances held by the promoters as of the end of the financial year. The data shows that the only encumbrance involves equity shares pledged by Shivshankar Gurushantappa Lature.

The filing also listed the current composition of the promoter and promoter group. The group includes Shivshankar Gurushantappa Lature, Sakshi Vivek Lature, Suchitra Shivshankar Lature, Arvind Gurushantappa Lature, and Gurushantappa Lature. Additionally, Somnath Gurushantappa Lature is classified under the promoter group but has applied for reclassification to the "Public" category under Regulation 31(A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This application is currently pending approval with the stock exchanges.

Suyog Telematics Limited has announced a postal ballot notice to seek shareholder approval for the re-classification of a member from the Promoter or Promoter Group to the Public category. The resolution concerns Mr. Somnath Lature, who currently holds 44,044 equity shares, representing 0.38% of the company's total shareholding.

The Board of Directors approved the request for re-classification during its meeting held on February 03, 2026. Subsequently, the company received No Objection Letters from BSE Limited and National Stock Exchange of India Limited (NSE) on April 27, 2026, confirming their approval for the proposed change.

Resolution Details

The special business seeks to pass an ordinary resolution to re-classify Mr. Somnath Lature from the “Promoter/Promoter Group” to the “Public” category. The re-classification is subject to the provisions of Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Upon approval, the change will be reflected in the Statement of Shareholding Pattern for the immediate succeeding quarter.

E-Voting Schedule

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Shareholders holding shares as on the cut-off date of Friday, May 15, 2026, are eligible to participate in the voting process.

The results of the postal ballot, along with the Scrutinizer's Report, are expected to be announced on or before Tuesday, June 23, 2026. The resolution requires the approval of members through an ordinary resolution. Mr. Somnath Lature and persons related to him will not vote on this resolution.