IEL Limited has announced a board meeting scheduled for February 13, 2026, to consider and approve the company's unaudited standalone financial results for the third quarter of fiscal year 2026. The meeting will focus on reviewing the financial performance for the quarter and nine months period ended December 31, 2025.

Board Meeting Details

The company has informed BSE Limited about the upcoming board meeting in compliance with Regulation 29(1), Regulation 33, and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting agenda includes consideration of key financial matters and any other business with the permission of the Chair.

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, IEL Limited has implemented trading window restrictions for designated persons and their relatives. The trading window was closed on December 17, 2025, and will remain closed until 48 hours after the declaration of the unaudited standalone financial results.

Company Information

IEL Limited, with its registered office in Ahmedabad, Gujarat, operates under CIN L15140GJ1956PLC124644. The company is listed on BSE with scrip code 524614 and trades under the symbol INDXTRA. The announcement was signed by Managing Director Ajay B. Gupta (DIN: 07542693), emphasizing the company's commitment to regulatory compliance and transparent communication with stakeholders.

Regulatory Compliance

The scheduled board meeting demonstrates IEL Limited's adherence to corporate governance standards and regulatory requirements. The company has followed proper procedures in notifying the stock exchange about the meeting and implementing necessary trading restrictions to ensure compliance with insider trading regulations.

IEL Limited has received formal requests from three promoters seeking reclassification from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI regulations. The company informed BSE Limited about these material developments on January 13, 2026, in compliance with regulatory requirements.

Promoter Reclassification Details

The company received request letters dated January 13, 2026, from three individuals currently classified as promoters. All three promoters seeking reclassification currently hold no equity shares in the company.

Reasons for Reclassification

The promoters cited several key reasons for seeking reclassification to public category:

• Operational Disengagement: Not involved in business operations, corporate actions, or day-to-day affairs of the company
• No Special Rights: Absence of special rights to appoint directors or participate in business affairs
• No Management Control: Not controlling company management or engaged in key policy decisions
• Independence from Board: No connection or influence over current Board of Directors and management decisions

Regulatory Compliance Commitments

Each promoter has provided comprehensive undertakings under Regulation 31A of SEBI (LODR) Regulations, 2015, confirming they will:

• Not hold more than 10.00% of total voting rights together with related persons
• Not exercise direct or indirect control over company affairs
• Not maintain special rights through formal or informal arrangements
• Not seek Board representation or nominee director positions
• Not act as Key Managerial Personnel
• Maintain compliance with regulatory conditions for minimum three years post-reclassification

Next Steps and Board Consideration

The requests will be considered by the Board of Directors of IEL Limited. The company will seek all appropriate approvals as mandated under Regulation 31A of SEBI (LODR) Regulations, 2015. This intimation has been filed as a material event disclosure with BSE Limited, where the company's equity shares are listed under scrip code 524614.

The reclassification process involves comprehensive regulatory scrutiny to ensure compliance with all applicable SEBI guidelines and listing obligations.