Shradha AI Technologies Limited has announced the completion of a significant share transfer within its promoter group, following a merger order from the Ministry of Corporate Affairs.

Key Details of the Share Transfer

Background of the Transfer

The share transfer was executed in compliance with a merger order dated June 23, 2025, issued by the Regional Director of the Ministry of Corporate Affairs. This order facilitated the merger between Zenith Commotrade Private Limited (the transferor company) and Femina Infrastructures Private Limited (the transferee company), both entities being part of Shradha AI Technologies' promoter group.

Procedural Completion

Shradha AI Technologies confirmed that all procedural formalities related to the share transfer were completed on September 30, 2025. The company received confirmation from the National Securities Depository Limited (NSDL) regarding the finalization of the transfer process.

Impact on Shareholding Pattern

The company emphasized that this transfer does not alter the overall shareholding pattern or paid-up capital of Shradha AI Technologies Limited. The only change is the internal reallocation of shares from Zenith Commotrade to Femina Infrastructures within the promoter group.

Regulatory Compliance

This share transfer aligns with the company's ongoing commitment to regulatory compliance. Shradha AI Technologies has duly informed the stock exchanges in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The completion of this share transfer marks a significant corporate action for Shradha AI Technologies, reflecting the restructuring within its promoter group while maintaining transparency with its shareholders and the market regulators.

Shradha AI Technologies Limited (formerly Shradha Industries Limited) has disclosed a significant legal development involving its Promoter and Managing Director, Sunil Gyanchand Raisoni. The company, listed on both the BSE and Metropolitan Stock Exchange of India, made this announcement in compliance with SEBI regulations.

Court Order Details

According to the company's filing, the Court of Chief Judicial Magistrate in Nagpur issued an order on August 16, 2025, which was certified on August 18 and communicated to the company on August 19. The case, which involved allegations against Raisoni, was disposed of through plea bargaining. The court's decision includes:

• Release of the accused on admonition
• Direction to pay ₹2,02,000.00 as compensation
• Additional payment of ₹66,670.00 for litigation costs
• Cancellation of bail bonds

Allegations and Charges

The charges against Raisoni were related to:

1. Alleged misuse of BSNL internet lease line for commercial purposes
2. Use of unlicensed wireless equipment

These allegations involved offences under various legal provisions:

• Section 120B read with 420 of the Indian Penal Code
• Section 6(A) of the Wireless Telegraphy Act, 1933
• Section 20(A) of the Telegraph Act, 1885

Company's Statement

Shradha AI Technologies Limited has emphasized that this matter pertains to Sunil Raisoni in his personal capacity. The company stated explicitly that the court order has no impact on its operations or financial standing.

Regulatory Compliance

This disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015. The company's prompt reporting of this development underscores its commitment to transparency and regulatory compliance.

While this legal matter has been resolved, it serves as a reminder of the importance of corporate governance and the potential personal liabilities that company executives may face. Shareholders and stakeholders of Shradha AI Technologies Limited will likely be monitoring any potential long-term implications of this incident on the company's leadership and reputation.