Zenith Exports promoter Ruchi Ajitsaria acquired 4,000 shares from Rajkumar Loyalka HUF following the dissolution of the Hindu Undivided Family. The transaction was executed without consideration and reported under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquisition represents a transfer of 0.0741% of the company’s total share capital. As an inter-se transfer within the promoter group, the acquirer is exempted from making an open offer under Clause (ii) of Regulation 10(1)(a).

Shareholding Changes

The transfer adjusts the shareholding pattern for both parties. Ruchi Ajitsaria’s holding increased from 2,65,000 shares (4.910%) to 2,69,000 shares (4.984%). Conversely, Rajkumar Loyalka HUF’s stake dropped from 4,000 shares (0.741%) to nil.

The acquirer’s Persons Acting in Concert (PACs) include Mr. Harsh Ajitsaria, who holds 2,65,000 shares, and Yash Ajitsaria, who holds 70,000 shares. These holdings remain separate from the direct acquisition by Ruchi Ajitsaria.

Regulatory Compliance

The disclosure confirms that both the transferor and transferee have complied with applicable requirements under Chapter V of the Takeover Regulations, 2011. The acquirer declared that all conditions specified under Regulation 10(1)(a) regarding exemptions were duly met. The notice was filed on September 17, 2026.

Zenith Exports reported a net profit of ₹2.29 crore for FY26, up from ₹1.71 crore in the previous year. The company will hold its 44th Annual General Meeting (AGM) on September 24, 2026, via Video Conferencing or Other Audio Visual Means (VC/OAVM).

Financial Performance

Revenue from operations declined to ₹646.83 crore in FY26, down from ₹721.03 crore in FY25. Despite the drop in operating income, profit before tax rose to ₹325.10 lakh from ₹240.76 lakh. Total assets stood at ₹979.60 crore, compared to ₹1,008.86 crore in the prior year.

What the Numbers Show

While revenue declined by approximately 10% year-on-year, profitability improved significantly. The company generated a profit before tax of ₹325.10 lakh in FY26 compared to a loss before exceptional items of ₹207.23 lakh in FY25. This turnaround occurred despite lower operating income, suggesting effective cost management or favorable non-operating adjustments during the period.

Board and Remuneration Changes

Shareholders will vote on a special resolution to revise Mr. Loyalka’s monthly remuneration from ₹1,26,800 to ₹1,76,800, effective August 12, 2026. This represents an annual increase of ₹6 lakh. The proposed annual remuneration of ₹21.22 lakh exceeds the five percent limit of net profits prescribed under Section 197(1) of the Companies Act, 2013, necessitating shareholder approval.

Mrs. Urmila Loyalka, a Non-Executive Woman Director, retires by rotation at the meeting and offers herself for re-appointment. The Board also noted several changes in independent director composition during the year, including the appointment of Mrs. Priyanka Poddar and Mrs. Rasna Goyal.

AGM Details

The meeting is scheduled for Thursday, September 24, 2026, at 11:30 am. The registered office shall be deemed as the venue for the meeting. Pursuant to Section 91 of the Companies Act 2013, the register of Members and share transfer book will remain closed from Friday, September 18, 2026, to Thursday, September 24, 2026 (both days inclusive).

The record date for voting eligibility is Thursday, September 17, 2026. Remote e-voting begins on Monday, September 21, 2026, at 9:00 am and ends on Wednesday, September 23, 2026, at 5:00 pm. Members can participate via the NSDL e-voting system. No dividend was recommended for the year.