Yasho Industries Limited has issued a postal ballot notice seeking shareholder approval for the reclassification of promoter group entities to public shareholders. The company announced the postal ballot process with e-voting scheduled from January 08, 2026 to February 06, 2026.

Postal Ballot Notice and E-Voting Schedule

The company issued the postal ballot notice on January 04, 2026, with the cut-off date set as December 26, 2025 for determining eligible shareholders. The e-voting facility will be available through Bigshare Services Private Limited during the specified period.

Regulatory Approvals Already Secured

Yasho Industries had previously received regulatory approval from both major stock exchanges for the reclassification. On December 12, 2025, the company obtained no-objection letters from BSE Limited and National Stock Exchange of India Limited for the reclassification of promoter group entities under SEBI Regulation 31A.

Promoter Group Reclassification Details

The reclassification involves three entities transitioning from promoter group shareholder category to public shareholder category. The entities collectively hold 10,030 shares representing 0.08% of the company's shareholding.

Background and Previous Performance

Prior to this corporate action, Yasho Industries reported mixed results for Q2 FY26. The company achieved 9.60% year-on-year revenue growth, reaching INR 183.60 crores, despite facing challenges from tariff pressures and sluggish demand in key markets.

Compliance Requirements

Following the exchange approvals, the company is now seeking shareholder approval as required under SEBI LODR Regulation 31A. The outgoing promoter group shareholders have confirmed compliance with all conditions specified in Regulation 31A and committed to continue adhering to these requirements post-reclassification. The resolution requires approval through ordinary resolution, and the promoter group members seeking reclassification will not be eligible to vote on this proposal.

Yasho Industries Limited, a company listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), has taken steps to reclassify certain members of its promoter group as public shareholders. This move, detailed in a regulatory filing dated November 11, 2025, marks a significant corporate action for the company.

Reclassification Details

The company has applied for the reclassification of three individuals from the "Promoter Group Shareholder" category to the "Public Shareholder" category. This application has been submitted to both BSE and NSE under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The individuals and their respective shareholdings are as follows:

Implications and Next Steps

This reclassification, if approved, would result in a minor change in the company's shareholding structure, with a total of 0.08% of shares moving from the promoter group to the public category. It's important to note that this reclassification does not involve any change in the actual ownership of shares, but rather a change in how these shareholders are categorized.

The approval process for this reclassification will involve scrutiny by the stock exchanges to ensure compliance with all relevant regulations. Shareholders and investors should monitor further announcements from the company regarding the progress and outcome of this application.

Yasho Industries Limited, with its registered office in Mumbai, continues to operate under the leadership of its management team, with Rupali Verma serving as the Company Secretary & Compliance Officer.

This corporate action reflects the company's commitment to maintaining transparency in its shareholding structure and adhering to regulatory requirements. As the process unfolds, it may have implications for the company's governance structure and public float, albeit on a small scale given the percentage of shares involved.