Windsor Machines Limited has finalized the acquisition of non-agriculture land located at Chibhda, Rajkot. The company completed the registration of the requisite Deed of Conveyance and related documents with the Sub-registrar at Taluka Lodhika on May 22, 2026. Consequently, the ownership and possession of the said land have been transferred to and vested in the company.

Acquisition Details

The Board of Directors of Windsor Machines Limited had initially approved the proposal to purchase the land on November 08, 2025. The property spans Revenue Survey Nos. 1147, 1148, 1149, and 1177 of Village Chibhda, Taluka Lodhika, District Rajkot, Gujarat. The total area of the acquired land measures approximately 77,198 square meters.

Transaction Terms

The acquisition was executed with M/s. Swastik Realty for a total consideration of ₹55 crore. The company confirmed that the said parties are not related to the promoter or promoter group, and the transaction does not fall within related party transactions.

Windsor Machines Limited has secured approval from the National Stock Exchange of India (NSE) and BSE Limited to reclassify two of its promoter entities to the public category. The approval, communicated through letters dated May 15, 2026, pertains to Castle Equipments Private Limited and Ghodbunder Developers Private Limited. This reclassification is effective under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations).

The company had initially submitted the application for this reclassification on February 19, 2026. Following a review of the submissions, both exchanges granted the necessary no-objection, facilitating the transition of these entities from the promoter to the public shareholding bracket. The updated shareholding details reflect that Castle Equipments Private Limited holds 0 shares, while Ghodbunder Developers Private Limited holds 12 shares, both now classified as public shareholders.

Reclassified Promoter Entities

The following entities have been reclassified from the promoter category to the public category as per the exchange approvals:

Shareholding Pattern

The reclassification has resulted in a marginal adjustment in the company's promoter and public shareholding statistics. The total number of shares held by promoters decreased by 12, while the public holding increased correspondingly. The percentage of shareholding, however, remains unchanged at 47.86% for promoters and 52.14% for the public.

Regulatory Compliance and Warning Letters

Alongside the approval, Windsor Machines received warning letters from both NSE and BSE concerning procedural delays. The exchanges observed that the company made the intimation/announcement regarding the reclassification application on April 05, 2026. Regulation 31A(8)(c) of the SEBI LODR Regulations mandates that such disclosures be made within 24 hours of submitting the application to the exchanges, which in this case was due by February 20, 2026. The key details of the regulatory action are summarised below:

The exchanges issued the warnings to highlight the non-compliance regarding the timeline of the disclosure. Windsor Machines stated that it has taken note of the communications and will ensure strict adherence to regulatory provisions going forward. The company clarified that the warnings do not carry any financial penalty and have no material impact on its financials or operations.