UFO Moviez Re-appoints Sanjay Gaikwad as Managing Director

The Board of Directors of ufo moviez has approved the re-appointment of Mr. Sanjay Gaikwad as the Managing Director of the company. The decision was taken during a board meeting held on May 21, 2026, based on the recommendation of the Nomination and Remuneration Committee. The re-appointment is subject to the approval of the members at the ensuing Annual General Meeting.

Mr. Sanjay Gaikwad is set to serve as Managing Director for a period of three consecutive years. His term is scheduled to commence on October 17, 2026, and will conclude on October 16, 2029. The company disclosed that Mr. Gaikwad is not related to any of the other directors on the board.

Appointment Details

The company provided specific details regarding the re-appointment in a disclosure to the stock exchanges. The following table outlines the key particulars of the appointment:

S. No.	Particulars	Information
1.	Name of Director	Mr. Sanjay Gaikwad
2.	Reason for change	Re-appointment
3.	Date of Re-appointment	October 17, 2026
4.	Term of Re-appointment	From October 17, 2026 to October 16, 2029 (both days inclusive)
5.	Relationship with other directors	Not related to any of the Directors of the Company
6.	Regulatory status	Not debarred from holding the office of director pursuant to any SEBI order or any such authority

Background and Profile

Mr. Gaikwad, a chemical engineer by education, has been associated with the company since its inception. He is credited with conceptualizing UFO Moviez and developing the world's first satellite-based content distribution platform, which revolutionized the business of Indian Cinema. Under his leadership, the company played a pioneering role in making India 100 percent digital for movie delivery and projection.

The board meeting commenced at 2:30 P.M. and concluded at 4:40 P.M. on May 21, 2026. The information regarding the re-appointment has been made available on the company's official website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.39%	-1.53%	+3.78%	-9.11%	+7.86%	-11.91%

UFO Moviez India Limited has successfully completed the reclassification of certain promoter and promoter group members to public category, effective April 20, 2026. The reclassification was confirmed by KFin Technologies Limited, Registrar and Share Transfer Agent of the company, following shareholder approval secured through postal ballot on April 17, 2026. The resolution passed with a decisive 96.84% majority, demonstrating strong shareholder support for the corporate restructuring initiative.

Reclassification Details

The postal ballot sought approval for reclassifying two key stakeholders from promoter categories to public category:

Shareholder	Current Category	Shares Held	Shareholding (%)
Apollo Green Energy Limited	Promoter	22,66,417	5.84
Mr. Raaja Kanwar	Promoter Group	12,500	0.03
Total		22,78,917	5.87

This reclassification has been effected in the depository system, resulting in a combined 5.87% shareholding moving from promoter categories to public category, representing a significant change in the company's shareholding structure.

Voting Results and Process

The e-voting process, conducted through NSDL platform, recorded substantial participation across different shareholder categories:

Category	Shares Held	Votes Polled	Polling (%)	Votes in Favour	Votes Against	Approval (%)
Promoter and Promoter Group	8,668,540	6,389,623	73.71	6,389,623	0	100.00
Public-Institutions	9,729,781	9,401,612	96.63	9,401,612	0	100.00
Public-Non Institutions	20,416,436	1,583,095	7.75	1,033,763	549,332	65.30
Total	38,814,757	17,374,330	44.76	16,824,998	549,332	96.84

The voting process extended from March 19, 2026, at 09:00 AM to April 17, 2026, at 05:00 PM, providing shareholders adequate time to participate in the decision-making process.

Scrutinizer Report and Compliance

Mr. Vicky M. Kundaliya, Practicing Company Secretary (CP No. 10989 and Membership No. FCS 7716), served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that 172 members voted in favour of the resolution with 16,824,998 votes (96.84%), while 24 members opposed with 549,332 votes (3.16%). No invalid votes were recorded during the process.

The company maintained full compliance with regulatory requirements, including provisions under Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. The postal ballot notice was published on March 18, 2026, in The Financial Express (English) and Loksatta (Marathi) newspapers, ensuring proper disclosure to all stakeholders. The intimation under Regulation 31A of the SEBI Listing Regulations has been submitted to BSE Limited (Scrip Code: 539141) and National Stock Exchange of India Limited (Scrip Code: UFO).

Corporate Governance Framework

The postal ballot process was initiated following the board meeting held on March 12, 2026, with the record date set as March 13, 2026. The company sent postal ballot notices to 43,927 members via email on March 17, 2026, covering shareholders who had registered their email addresses with the company, depositories, or registrar and share transfer agents.

As per regulatory compliance, e-voting access was disabled for the members seeking reclassification and their related persons, ensuring transparency and avoiding conflicts of interest in the voting process. The successful completion of this postal ballot and subsequent effecting of reclassification represents a significant milestone in UFO Moviez India Limited's corporate governance journey and shareholding structure optimization.