Vellora Impact Limited has received formal requests from several members of its promoter group seeking reclassification from the 'Promoter' category to the 'Public' category. The company, formerly known as Pratiksha Chemicals Limited, disclosed on July 29, 2026, that the requests are made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory shift signifies that these entities no longer exercise control or influence over the company’s business and policy decisions.

The reclassification process is subject to the approval of the Board of Directors and BSE Limited. Vellora Impact stated it will follow the necessary procedures and submit the requisite applications to the stock exchanges in due course. The disclosure aims to update the shareholding pattern to reflect the current status of control and influence within the corporate structure.

The request involves nine distinct entities and individuals who were previously part of the Promoter/Promoter Group. These include Mr. Kantilal Patel, Mr. Mukesh Chinubhai Shah, Mr. Harish K. Bhatt, Ms. Surbhi Harishbhai Bhatt, Mr. Harshadbhai K Patel, Mr. Ratnakalaben H Patel, Mr. Jayesh Patel, Ms. Purnima Adhvaryu, and the Karta of Harshad Kantilal Patel HUF. Each applicant has certified that they do not hold more than 1% of the total voting rights collectively with related persons, nor do they have special rights or board representation.

The filing also noted changes in the composition of the promoter group due to deaths and corporate actions. Mrs. Chandraprabha K. Bhatt and Mr. Jayesh Bachubhai Chauhan, who were previously part of the promoter group, have passed away. Their death certificates were enclosed with the intimation. Additionally, H B Builders Pvt. Ltd., another former member of the promoter group, has been struck off from the Register of Companies by the Registrar of Companies, Ahmedabad.

Regulatory Compliance and Certifications

Under Regulation 31A, applicants must certify specific conditions to qualify for reclassification. All requesting parties confirmed that they, along with related persons as defined under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018:

• Do not hold more than 10% of the total voting rights in the company.
• Do not exercise direct or indirect control over the company’s affairs.
• Do not possess special rights through formal or informal arrangements, including shareholder agreements.
• Are not represented on the Board of Directors, including through nominee directors.
• Are not acting as Key Managerial Personnel.
• Are not classified as 'wilful defaulters' under Reserve Bank of India guidelines or fugitive economic offenders.
• Have no pending regulatory actions against them.

Furthermore, each applicant affirmed that their collective holding with related persons does not exceed 1% of the total voting rights, reinforcing their lack of significant influence on the company’s governance.

Vellora Impact Limited reported a net profit of ₹790.33 lakh for the quarter ended June 30, 2026, marking a turnaround from the net loss of ₹211.16 lakh in the same period last year. The company’s revenue from operations surged to ₹14,192.10 lakh, driven primarily by the Agriculture segment, compared to ₹116.86 lakh in the quarter ended June 30, 2025. The financial results were reviewed by the statutory auditor, Chandabhoy & Jassoobhoy Chartered Accountants, who issued a limited review report with a qualified opinion.

Financial Performance

The company’s total income for Q1FY27 stood at ₹14,192.10 lakh, a substantial increase from ₹116.91 lakh in the prior year quarter. Total expenses for the period were ₹1,3401.77 lakh. Profit before exceptional items and tax was ₹790.33 lakh, compared to a loss of ₹218.66 lakh in Q1FY26. The basic and diluted earnings per share (EPS) for the quarter were ₹14.19.

Segment Reporting

The Agriculture segment emerged as the primary revenue driver during the quarter, contributing ₹14,192.10 lakh to the total revenue. The segment reported an EBITDA of ₹798.27 lakh and a profit before tax (PBT) of ₹790.33 lakh. In contrast, the Chemical segment, which reported revenue in previous periods, did not record any revenue for the current quarter.

Auditor’s Observation

Chandabhoy & Jassoobhoy Chartered Accountants provided a limited review report noting that the company accounts for gratuity and leave encashment on a cash basis. The auditor stated that this practice is not in accordance with Ind AS 1 on "Presentation of Financial Statements" and Ind AS 19 on "Employee Benefits" prescribed by the Institute of Chartered Accountants of India. The extent of the non-compliance in terms of value was not ascertainable.

The Board of Directors approved the unaudited financial results at its meeting held on July 22, 2026. The results were submitted in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.