Shradha AI Technologies Limited , formerly known as Shradha Industries Limited, has reported that Vibrant Infotech (Nagpur) Private Limited, a promoter group entity, has sold 125,000 equity shares of the company through an off-market transaction on August 6, 2025. This inter-se transfer amongst promoters has resulted in a slight reduction of Vibrant Infotech's shareholding in the AI technology firm.

Transaction Details

The off-market sale has altered Vibrant Infotech's stake in Shradha AI Technologies as follows:

This transaction represents a decrease of 0.21% in Vibrant Infotech's ownership of Shradha AI Technologies.

Company Overview

Shradha AI Technologies Limited is listed on both the Metropolitan Stock Exchange of India Limited (MSE) and the Bombay Stock Exchange (BSE). The company's total equity share capital consists of 60,952,420 shares with a face value of Rs. 2 each.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Vibrant Infotech has duly disclosed the details of this transaction to the company and relevant stock exchanges.

Upcoming Annual General Meeting

In related news, Shradha AI Technologies has announced that its 36th Annual General Meeting (AGM) for the financial year 2024-25 will be held on Friday, August 29, 2025, at 11:30 a.m. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) facilities, in line with current corporate practices.

This off-market transaction and the upcoming AGM highlight the ongoing corporate activities within Shradha AI Technologies, as the company continues to navigate the dynamic landscape of the AI technology sector.

Shradha AI Technologies Limited (formerly known as Shradha Industries Limited) has reported robust financial results for the first quarter of FY2025-26 and made several important corporate announcements.

Financial Performance

The company's unaudited financial results for Q1 FY2025-26 show significant growth:

Shradha AI Technologies has doubled its revenue and net profit compared to the same quarter last year, demonstrating strong business momentum.

Key Appointments and Corporate Actions

The Board of Directors, in their meeting held on July 21, 2025, approved several important decisions:

1. Internal Auditor Appointment: M/S Deshpande Bhalerao and Pashine, Chartered Accountants, have been appointed as the Internal Auditor for FY2025-26.

2. Secretarial Auditor Appointment: CS Riddhita Agrawal has been appointed as the Secretarial Auditor for a five-year term from FY2025-26 to FY2029-30.

3. Annual General Meeting: The 36th Annual General Meeting (AGM) is scheduled for August 29, 2025, to be held through Video Conferencing or Other Audio-Visual Means.

4. Book Closure and Record Date: The Register of Members will be closed from August 22-28, 2025. The record date for final dividend payment is set for August 8, 2025, subject to shareholder approval.

Board Recommendations for AGM Approval

The Board has recommended the following items for shareholder approval at the upcoming AGM:

1. Continuation of Mr. Sunil Raisoni as Executive Director.
2. Re-appointment of Mr. Vineet Ladhania as Independent Director for a second five-year term from October 13, 2025, to October 12, 2030.
3. Appointment of CS Riddhita Agrawal as Secretarial Auditor for a five-year term.

Future Outlook

With its focus on AI technologies and strong financial performance, Shradha AI Technologies appears well-positioned for continued growth. The company's strategic appointments and corporate actions indicate a focus on maintaining robust governance and compliance standards.

Investors and stakeholders will be keenly watching the upcoming AGM for further insights into the company's future strategies and dividend announcements.