Svaraj Trading & Agencies Limited has completed the newspaper publication of its postal ballot notice in compliance with Regulation 47 of SEBI Listing Regulations. The Mumbai-based company published the notice in "Financial Express" (English) and "Mumbai Lakshdeep" (Marathi) newspapers on April 05, 2026, informing shareholders about the ongoing e-voting process for critical corporate governance matters.

Regulatory Compliance and Publication Details

The company submitted the newspaper publication compliance to BSE Limited on April 06, 2026, through Company Secretary Vandana Joshi. The publication fulfills the mandatory disclosure requirements under SEBI regulations for postal ballot proceedings.

Director Appointments and Corporate Governance

The postal ballot seeks shareholder approval for three special business resolutions through remote electronic voting. The company's Board of Directors has proposed the appointment of two independent directors following recommendations from the Nomination and Remuneration Committee.

Both directors have submitted declarations confirming their independence criteria under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI Listing Regulations.

Promoter Group Reclassification

The third resolution involves reclassifying Mr. Mukesh Vaishnav from the "Promoter Group" category to "Public" category in accordance with Regulation 31A of SEBI Listing Regulations.

E-Voting Process and Timeline

The company has engaged Central Depository Services (India) Limited (CDSL) to provide remote e-voting facilities to shareholders. The voting process follows strict regulatory guidelines with a comprehensive timeline.

Shareholders can access the complete notice on the company's website at www.svarajtrading.in , BSE website, and CDSL's e-voting portal at www.evotingindia.com . The notice complies with various regulatory requirements including Sections 108 and 110 of the Companies Act, 2013, and MCA Circulars 14/2020, 17/2020, and 03/2025.

Implementation and Results

Upon approval by requisite majority, the resolutions will be deemed passed on May 4, 2026. The results, along with the scrutinizer's report, will be communicated to BSE Limited and made available on the company's website. The successful implementation will strengthen the company's board composition with experienced independent directors and ensure compliance with shareholding pattern regulations.

Svaraj Trading and Agencies Limited has successfully obtained no-objection from BSE Limited for the reclassification of certain shareholdings from Promoter Group category to Public category. The approval, granted under Regulation 30 and 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marks a significant corporate restructuring development for the Mumbai-based trading company.

Reclassification Details

The BSE approval covers the reclassification of two individuals from the company's promoter and promoter group categories. The reclassification involves Mr. Mukesh Vaishnav from the Promoter Group category and Shankar Das Vairagi from the Promoter category.

Shareholding Structure

The reclassification encompasses specific shareholding patterns that will transition from promoter categories to public classification.

*Note: Shankar Das Vairagi expired on February 26, 2026

Regulatory Compliance

The company initiated the reclassification process through a formal application submitted to BSE on February 12, 2026. BSE Limited, through its Listing Compliance department, reviewed the application and granted no-objection for the reclassification request in accordance with SEBI regulations. The exchange has mandated that the company ensure compliance with subsequent relevant disclosures of material events related to this reclassification.

Corporate Communication

Vandana Ramesh Joshi, Company Secretary and Compliance Officer, communicated the BSE approval to stakeholders on March 20, 2026. The company has made the relevant documentation available on its official website at www.svarajtrading.in . BSE's approval letter, signed by Deputy Vice President Jayshree Soni and Manager Harshad Naik from the Listing Compliance department, provides formal authorization for the shareholding reclassification.

The reclassification will require coordination with depositories and the registrar and share transfer agent for necessary implementation actions. This corporate restructuring aligns with SEBI's regulatory framework for promoter reclassification under the listing obligations and disclosure requirements.