Vivid Global Industries Ltd has announced a significant promoter shareholding change through regulatory filings dated March 17, 2026. The disclosure involves the transfer of equity shares between promoters, marking a notable change in the company's ownership structure within the promoter group.

Share Transfer Details

The transaction involved a complete divestment by promoter Sudhir Mody, who transferred his entire shareholding to fellow promoter Sumish Mody through a gift deed. The key details of this inter-promoter transfer are presented below:

Shareholding Position Changes

The transfer has resulted in significant changes in both promoters' shareholding positions. Prior to this transaction, Sudhir Mody held 7,46,004 equity shares representing 8.17% of the company's paid-up equity share capital, while Sumish Mody held 9,86,660 equity shares representing 10.81%.

Regulatory Compliance and Disclosures

Vivid Global Industries has filed comprehensive regulatory disclosures to ensure compliance with SEBI regulations. The company has submitted disclosures under both Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The transaction qualifies for exemption under SEBI regulations as it involves inter-se transfer between relatives and promoters. Both transferor and transferee have complied with applicable disclosure requirements, ensuring full regulatory compliance.

Company Information

Vivid Global Industries Ltd, recognized as a 'Star Export House' by the Government of India, maintains its registered office at D-21/1, M.I.D.C. Tarapur, Maharashtra, and operates a manufacturing facility at Plot No. 143, Phase II, G.I.D.C. Industrial Estate, Vapi, Gujarat.

The transaction represents an internal reorganization within the promoter group, with the shares remaining under promoter control through the transfer to Sumish Mody, who serves as the company's Managing Director. The aggregate shareholding of promoters before and after the inter-se transfer remains the same, ensuring continuity in the company's ownership structure.

VK Global Industries Limited has formally notified BSE Limited about an upcoming board meeting scheduled for February 11, 2026, to review and approve the company's quarterly financial performance. The announcement was made through an official communication dated February 4, 2026, addressed to the exchange's listing department.

Board Meeting Details

The meeting has been convened in accordance with regulatory requirements under SEBI's Listing Obligations and Disclosure Requirements Regulations 2015. The board will focus on reviewing the company's financial performance for the recently concluded quarter.

Trading Window Restrictions

In compliance with SEBI's Prohibition of Insider Trading Regulations 2015, VK Global Industries Limited has implemented trading window restrictions to ensure regulatory compliance. The trading window closure demonstrates the company's adherence to insider trading prevention measures.

Company Information

VK Global Industries Limited, formerly known as SPS International Limited, operates from its registered office in Faridabad, Haryana. The company maintains transparency through regular disclosures and updates on its official website. Company Secretary and Compliance Officer Saurabh Gupta signed the official notification, ensuring proper documentation and regulatory compliance.

Regulatory Compliance

The board meeting announcement reflects the company's commitment to maintaining transparency with stakeholders and adhering to stock exchange listing requirements. The formal notification to BSE Limited includes all necessary details required under current regulations, including the specific agenda items and meeting timeline.