Sky Industries Promoter Shailesh S Shah Completes Inter-se Transfer of 1,63,500 Equity Shares

Sky Industries Limited promoter and Managing Director Shailesh S Shah has successfully completed an inter-se transfer of 1,63,500 equity shares, representing 2.07% of the company's total shareholding. The transfer was executed on January 20, 2026, following the release of a pledge that had prevented the transaction for several years.

Transfer Details and Background

The shares were transferred from M/s Skay Finvest Private Limited, where Shah held beneficial ownership, directly to his demat account. This transaction represents the completion of an inter-se transfer among promoters that was originally disclosed to BSE Limited in February 2016.

Transfer Parameter:	Details
Shares Transferred:	1,63,500 equity shares
Percentage:	2.07% of total shareholding
Transfer Date:	January 20, 2026
Transfer Type:	Inter-se transfer among promoters
Mode:	Off-market transfer

Shareholding Changes

The transfer has resulted in an increase in Shah's direct shareholding in Sky Industries Limited. His voting rights have expanded from 35.24% to 37.31% of the company's total share capital.

Shareholding Position:	Before Transfer	After Transfer	Change
Number of Shares:	27,80,623	29,44,123	+1,63,500
Voting Rights:	35.24%	37.31%	+2.07%
Total Share Capital:	78,90,541 shares	78,90,541 shares	No change

Regulatory Compliance and Pledge Release

The transfer could not be executed earlier because the shares were pledged with Union Bank of India in connection with a loan facility availed by an erstwhile group company. The pledge was released on November 26, 2025, enabling the completion of this long-pending transfer.

Shah confirmed that the transfer is exempt under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction does not result in any change to the promoter group composition, overall promoter shareholding, or control of the company.

Regulatory Disclosures

The company has made necessary disclosures under multiple SEBI regulations:

Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015

Sky Industries Limited shares are listed on BSE Limited under scrip code 526479. The company's equity share capital consists of 78,90,541 equity shares of ₹10.00 each, which remains unchanged following this inter-se transfer.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.69%	-4.15%	-10.22%	-31.48%	-45.15%	+92.24%

Sky Industries Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the revision in terms and conditions of appointment of Mr. Gopalakrishnan Mani (DIN: 10324513) as Whole Time Director. The company announced the results on January 06, 2026, following the conclusion of the e-voting period on January 05, 2026.

Voting Results and Participation

The postal ballot witnessed significant shareholder participation with strong approval for the proposed resolution. The voting statistics demonstrate broad-based support across different shareholder categories.

Category	Shares Held	Votes Polled	Participation (%)	Votes in Favour	Votes Against	Approval Rate (%)
Promoter & Promoter Group	45,84,916	41,10,516	89.65%	41,10,516	0	100.00%
Public - Non Institutions	33,05,625	4,83,933	14.64%	4,78,215	5,718	98.82%
Public - Institutions	0	0	0.00%	0	0	0.00%
Total	78,90,541	45,94,449	58.22%	45,88,731	5,718	99.87%

The special resolution received exceptional support with 99.87% votes in favour and only 0.12% against, demonstrating strong shareholder confidence in the proposed revision.

E-Voting Process and Timeline

The postal ballot was conducted entirely through electronic means, reflecting the company's adoption of digital governance practices. Key timeline details include:

Parameter	Details
Record Date	November 28, 2025
Total Shareholders on Record Date	4,631
Postal Ballot Notice Date	November 12, 2025
Notice Dispatch Completion	December 04, 2025
E-Voting Period	December 07, 2025 (9:00 AM) to January 05, 2026 (5:00 PM)
Resolution Deemed Passed	January 05, 2026

The company engaged National Securities Depository Limited (NSDL) as the Electronic Voting Service Provider to facilitate the remote e-voting process through their platform at www.evoting.nsdl.com .

Scrutinizer Oversight and Compliance

Ramesh Chandra Mishra & Associates, a practicing Company Secretaries firm, was appointed as scrutinizer by the Board of Directors on November 12, 2025. The scrutinizer ensured the voting process was conducted in a fair and transparent manner, complying with:

Section 110 read with Section 108 of the Companies Act, 2013
Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MCA General Circular No. 03/2025 dated September 22, 2025

The votes were unblocked on January 05, 2026, after 5:00 PM in the presence of the scrutinizer and two independent witnesses, Sejal Patel and Shreyana Koyande.

Corporate Governance and Transparency

The company demonstrated strong corporate governance practices throughout the postal ballot process. The postal ballot notice was dispatched electronically to all members with registered email addresses, and advertisements were published in Business Standard (English) and Pratahkal (Marathi) newspapers on December 05, 2025.

The voting results and scrutinizer's report have been made available on multiple platforms for transparency:

Company's registered and corporate offices
Company website: www.skycorp.in
NSDL website: www.evoting.nsdl.com
BSE Limited for regulatory compliance

The successful completion of this postal ballot process enables Sky Industries Limited to implement the revised terms and conditions for Mr. Gopalakrishnan Mani's appointment as Whole Time Director, reflecting the strong shareholder mandate received through this democratic process.