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.

Suyog Telematics Limited has successfully obtained regulatory approval from major stock exchanges for a significant shareholding reclassification. The company received no-objection letters from both BSE Limited and the National Stock Exchange of India Limited on April 27, 2026, allowing the reclassification of Mr. Somnath Gurushant Lature from the Promoter Group category to the Public category.

Regulatory Approval Details

The reclassification approval was granted under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had initially submitted its application for this reclassification on February 07, 2026, and provided formal intimation to the stock exchanges on February 09, 2026.

Exchange Communications

The National Stock Exchange of India Limited issued its no-objection letter under reference NSE/LIST/COMP/SUYOG/570/2026-2027 dated April 27, 2026. The NSE communication was signed by Apeksha Raichura, Manager – Listing Compliance, and confirmed the exchange's approval for the reclassification application.

BSE Limited also provided its no-objection through communication reference LIST/COMP/HG/042/2026-27 dated April 27, 2026. Both exchanges granted their approval based on the submissions made by Suyog Telematics Limited.

Compliance Requirements

As part of the approval process, the stock exchanges have mandated that Suyog Telematics Limited ensure compliance with subsequent relevant disclosures of material events related to this reclassification. The company must adhere to the applicable provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company secretary and compliance officer, Aarti Kamlesh Shukla, communicated the receipt of no-objection letters to both stock exchanges on April 28, 2026, through formal intimation letter STL/SEC/2026-27/DT-02.

Reclassification Impact

The approved reclassification will result in Mr. Somnath Gurushant Lature's shareholding being moved from the Promoter Group category to the Public category. This change affects the company's promoter group composition and public shareholding structure as per regulatory definitions under SEBI guidelines.