Pervasive Commodities Limited has received formal requests from two promoter entities seeking to reclassify their shareholding from the 'Promoter and Promoter Group' category to 'Public' category under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reclassification Request Details

On March 6, 2026, the company received reclassification requests from two entities currently classified as promoter and promoter group members. The requests were submitted in compliance with SEBI LODR Regulations for shareholding category changes.

Regulatory Compliance and Conditions

Both entities have provided comprehensive certifications confirming their eligibility for reclassification. The requesting parties have certified that they, along with related persons, do not hold more than 10% of total voting rights in the company and do not exercise control over company affairs, directly or indirectly.

Key compliance confirmations include:

• No special rights through formal or informal arrangements
• No representation on the board of directors
• Not acting as key managerial persons
• No status as wilful defaulters or fugitive economic offenders
• No pending regulatory actions

Entity Background

Enigma Merchants LLP, currently holding 5,04,900 equity shares representing 0.06% voting rights, has stated it does not have any influence over business and policy decisions of the company. The entity is not involved in day-to-day activities nor exercises control over company affairs.

Winspire Project Consultants Private Limited, formerly known as S.J. Infratech Private Limited, holds 41,000 equity shares representing 0.00% voting rights. Similar to Enigma Merchants LLP, this entity has confirmed it does not exercise any control or influence over company operations.

Regulatory Process

The reclassification requests have been formally communicated to BSE Limited as required under SEBI regulations. Both entities have committed to comply with ongoing regulatory conditions for a minimum period of three years from the date of reclassification, failing which they would be reclassified back to the 'promoter group' category.

The company's Managing Director, Fagun Chandrakant Soni, has digitally signed the intimation letter to BSE Limited, confirming receipt of the reclassification requests and requesting the stock exchange to take the information on record.

Pervasive Commodities Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating a strong recovery in Q3FY26 performance. The company's Board of Directors approved these results in their meeting held on February 11, 2026, at the registered office in Ahmedabad.

Financial Performance Highlights

The company showed remarkable improvement in its quarterly performance with significant year-on-year growth across key metrics:

Nine-Month Performance Analysis

While the quarterly results showed strong recovery, the nine-month period reflected challenges faced earlier in the fiscal year:

Board Meeting and Regulatory Compliance

The Board of Directors meeting commenced at 5:00 PM and concluded at 6:40 PM on February 11, 2026. The meeting was held pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Fagun Chandrakant Soni (DIN: 10610730) signed the regulatory filing submitted to BSE Limited.

Capital Structure Changes

Significant changes occurred in the company's capital structure during the reporting period:

The company completed conversion of warrants into equity shares with an effective date of May 20, 2025. Additionally, during Q1 FY2026, the company split its equity shares from face value of ₹10.00 to ₹1.00 each, with a record date of April 7, 2025.

Auditor Observations and Operational Challenges

The limited review report by V S S B & Associates highlighted several key observations. The company faced significant operational challenges during the previous quarter, which impacted the overall nine-month performance. According to the financial statements, the company incurred substantial losses due to destruction of perishable stock-in-trade, with the entire closing stock value considered nil. The auditors noted that no insurance coverage was in place for the company's stock, resulting in the entire loss being borne by the company.

The auditors also observed that the company utilized share warrant proceeds for working capital requirements and advances to suppliers, with management expecting goods corresponding to these advances to be received shortly.