Shyamkamal Investments Limited has announced the successful completion of interim dividend payments to all eligible shareholders, fulfilling the commitment made by its Board of Directors in November 2025.

Dividend Payment Details

The company has completed the distribution of interim dividend that was declared by the Board of Directors at their meeting held on November 13, 2025. The payment process has been executed in full compliance with regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholder Eligibility and Payment Process

The dividend payments were made to all eligible shareholders whose names appeared in the Register of Members as on the record date of November 26, 2025. The company has confirmed that all dividend payments were executed in accordance with the Board Resolution and distributed to every eligible shareholder without exception.

Regulatory Compliance

Shyamkamal Investments Limited has fulfilled its disclosure obligations by informing BSE Limited about the completion of dividend payments. The company's communication to the stock exchange ensures transparency and maintains compliance with listing regulations. The notification was formally submitted to BSE Limited at Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai, as part of the mandatory reporting requirements.

Corporate Information

The company operates with its registered office located at Shop 25, Lower Ground Floor, Target-The Mall, Chandavarkar Road, Borivali (W), Mumbai, and maintains its corporate office in Ahmedabad. Managing Director Jatinbhai Virendrabhaishah (DIN: 03513997) signed the official communication confirming the dividend payment completion.

Board Alters Equity Share Allotment Plan

Shyamkamal Investments Limited has announced a significant modification to its proposed preferential issue of equity shares. This decision comes in the wake of the Reserve Bank of India (RBI) rejecting an application for change in shareholding and control of the company.

Key Developments:

1. RBI Rejection: The RBI, in a letter dated November 27, 2025, communicated that it could not accede to the application for the proposed change in shareholding and control of Shyamkamal Investments in favor of Morabia Enterprise Private Limited, Mr. Mahendra Harajivan Morabia, and Persons Acting in Concert (PACs).

2. Board Decision: In light of the RBI's decision, the company's Board of Directors, at a meeting held on December 04, 2025, resolved to modify the proposed preferential issue of equity shares as outlined in the Extraordinary General Meeting (EGM) notice dated February 27, 2025.

Modified Allotment Plan:

The Board has decided not to proceed with the allotment of equity shares to Morabia Enterprise Private Limited, Mr. Mahendra Harajivan Morabia, and their PACs (listed as Sr. No. 1-10 in the EGM notice). However, this decision is subject to the preservation of their legal rights and remedies available under applicable laws.

The company will proceed with the issuance and allotment of equity shares to the remaining proposed allottees (classified as Public/Non-Promoter category) listed at Sr. No. 11 to 39 in the EGM notice.

Fund Utilization:

The Board has confirmed that the funds raised from the allotment to the remaining allottees will be utilized strictly in accordance with the objects of the issue as disclosed in the EGM Notice. These include:

1. Repayment of loans/liabilities
2. General corporate purposes
3. Business expansion requirements

This development underscores the regulatory challenges faced by companies in the financial sector when attempting to change ownership structures. It also highlights the importance of regulatory compliance and the potential impact on corporate actions such as preferential issues.

Investors and stakeholders of Shyamkamal Investments should take note of these changes and their potential implications for the company's future operations and ownership structure.