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.

Svaraj Trading & Agencies Limited has issued a formal clarification to BSE Limited regarding recent price movement in its shares, responding to an exchange inquiry under SEBI Listing Regulations. The company addressed concerns about significant share price fluctuations through an official communication dated March 12, 2026.

Response to BSE Inquiry

The clarification came in response to BSE's communication dated March 11, 2026, with reference number L/SURV/ONL/PV/SJ/2025-2026/3423, which sought explanations for the price movement. The company emphasized its consistent track record of timely disclosure of material information that could impact operations or performance.

Management's Position on Price Movement

The company's management stated that it is not aware of any specific reason for the significant movement in share prices. According to the clarification, the price fluctuations are purely market-driven and may result from a combination of various factors, including prevailing market conditions. The management emphasized that it has no connection with the share price movements.

Compliance and Disclosure Commitments

Svaraj Trading and Agencies Limited reiterated its commitment to regulatory compliance, stating that the company has always disclosed material information in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company assured stakeholders of its continued adherence to all applicable listing regulations and legal requirements.

Corporate Communication Details

The clarification was signed by Vandana Joshi, Company Secretary and Compliance Officer (Membership No. A55495), and submitted to BSE's Corporate Relationship Department. The company maintains its registered office in Mumbai and operates under CIN L51100MH1980PLC022315.