United Polyfab Gujarat Limited has received in-principle approval from BSE Limited for the direct listing of 2,29,51,550 equity shares of ₹10/- each on the exchange. The approval was communicated vide BSE letter reference no. LO/DL/PJ/IP/36/2026-27 dated April 30, 2026, and was disclosed to the National Stock Exchange of India Limited by the company on May 08, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Approval Details

The company had submitted its application for listing under the Direct Listing route on April 21, 2026. Following a review of the application and further submissions, BSE's Internal Regulatory Oversight and Review Group (IRORG) considered and approved the application on April 30, 2026. The in-principle approval is valid for a period of 45 days from the date of the letter.

The key parameters of the in-principle approval are summarised below:

Listing Formalities to Be Completed

As part of the in-principle approval, BSE has directed United Polyfab Gujarat Limited to complete the following formalities and submit necessary documents to enable processing of the listing:

• Execute and submit two copies of the Listing Agreement on stamp paper of ₹500, along with a certified true copy of the Board Resolution authorising the signatory.
• File a detailed Listing Application with the exchange.
• Pay an Initial Listing Fee of ₹20,000/- and an Annual Listing Fee of ₹2,85,000/- for the financial year 2026-27 (as clarified by BSE Manager Parag Jain on May 7, 2026), along with applicable Goods & Service Tax (GST).
• Submit a Company Profile certified by the Managing Director or Company Secretary, reflecting the position as on the date of filing the listing application.
• Provide the latest shareholding pattern as per Regulation 31 of SEBI (LODR) Regulations, 2015, along with the latest audited Annual Reports.
• Submit an undertaking on company letterhead, signed by the Managing Director and Company Secretary with company seal, covering commitments related to further capital issuance, promoter shareholding, preferential allotment pricing, and shareholder communications.
• Furnish a full list of the Board of Directors with designation, PAN, and DIN numbers; name of Company Secretary; PAN, TAN, CIN, GST, and ISIN details; and contact numbers of the Managing Director, Company Secretary, and Compliance Officer.
• Comply with provisions regarding financials of the previous quarter, as applicable to any other listed entity.

Fee Clarification

BSE Manager Parag Jain, via communication dated May 7, 2026, clarified that the Annual Listing Fee referenced in Point No. 3 of the in-principle approval letter should be considered for FY 2026-27 instead of FY 2025-26.

Company Communication

The disclosure was signed by Gagan Nirmalkumar Mittal, Chairman and Managing Director of United Polyfab Gujarat Limited (DIN: 00593377), on May 08, 2026. The company has been directed to ensure that any communication made to its shareholders specifically mentions that it has received in-principle approval from BSE for the listing of its securities.

The Board of Directors of United Polyfab Gujarat Limited , at its meeting held on Wednesday, May 06, 2026, approved the appointment of three new Non-Executive Independent Directors — Mr. Nareshkumar Mistri, Mr. Rohit Ashokkumar Agrawal, and Ms. Payal Jangir — effective May 06, 2026. The appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Each director has been appointed as an Additional Director for a consecutive term of 5 (Five) years, not liable to retire by rotation, subject to the approval of the company's shareholders.

Director Appointments at a Glance

All three newly appointed directors have been confirmed to be independent of the company's existing board and management. The company has stated that none of them are related to any Director of the company as defined under Section 2(77) of the Companies Act, 2013. Additionally, in accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, the company has confirmed that none of the three directors are debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority.

The key details of the appointments are summarised below:

Brief Profiles of the Newly Appointed Directors

Each of the three directors brings a distinct professional background to the board:

• Mr. Nareshkumar Mistri is a professional in the textile and manufacturing industry with a foundational background in B.Tech (Textile Technology). His career reflects a transition from technical textile engineering into specialised manufacturing and consultancy roles.
• Mr. Rohit Agrawal is a marketing professional with over 7 years of experience in the textile industry. He combines an MBA in Marketing with deep technical knowledge of garment manufacturing, fabric sourcing, and supply chain management, with a proven track record in driving brand growth, expanding B2B market share, and managing high-value international and domestic accounts.
• Ms. Payal Jangir holds a Master's degree in Mathematics and has strong skills in analysis and problem-solving. She is able to understand complex information and use it to support clear and practical decision-making, and can contribute effectively to board discussions.

Reconstitution of Board Committees

Following these appointments, the company has reconstituted its key board committees in compliance with the requirements of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

Audit Committee

Nomination and Remuneration Committee

Stakeholders Relationship Committee

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023. The board meeting commenced at 05:00 p.m. and concluded at 05:30 p.m. at the company's registered office in Ahmedabad. The communication was signed by Gagan Nirmalkumar Mittal, Chairman & Managing Director of the company.