Thrive Future Habitats Ltd has received formal intimation regarding a proposed inter-se transfer of equity shares between promoters under SEBI takeover regulations. The transaction involves the transfer of shares through gift between immediate family members within the promoter group.

Transaction Details

The proposed acquisition involves the following key parameters:

Regulatory Compliance

The transaction falls within the exemption provisions under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This exemption applies as the transfer occurs between immediate relatives (father and daughter) within the promoter group. The company has submitted the required prior intimation under Regulation 10(5) of the SEBI takeover regulations.

Shareholding Impact

The proposed transfer will result in changes to individual promoter holdings while maintaining the overall promoter group shareholding:

Related Corporate Activity

The disclosure also references previous corporate activities involving ador multiproducts , where similar promoter group entities were involved in preferential allotment transactions. In May 2025, these entities acquired 48,87,356 equity shares and 55,91,004 fully convertible warrants in Ador Multiproducts Limited through preferential allotment.

Compliance and Documentation

The acquirer has declared compliance with all applicable disclosure requirements under Chapter V of the SEBI Takeover Regulations, 2011. The necessary documentation has been submitted to BSE Limited and the company's compliance officer for record-keeping purposes. Since no consideration is involved in this gift transaction, pricing-related regulatory requirements are not applicable.

Thrive Future Habitats Limited (formerly ador multiproducts Limited) successfully conducted its Extra Ordinary General Meeting (EGM) on February 17, 2026, with shareholders approving four key resolutions that will shape the company's future operations and capital structure.

Meeting Overview and Participation

The EGM was held on Tuesday, February 17, 2026, at 04:00 PM (IST) through Video Conferencing and Other Audio-Visual Means (VC/OAVM), with the deemed venue at the company's registered office at Ador House, Mumbai. The meeting demonstrated strong corporate governance with comprehensive participation from the leadership team.

Leadership and Governance

The meeting was chaired by Mr. Arvinder Singh Pasricha, Chairman of the Company and Chairman of Stakeholders Relationship Committee. The comprehensive attendance included Mr. Vinay Kumar Singh as Managing Director and CFO, Mr. Sandeep Ahuja as Independent Director and Chairman of Audit Committee and Nomination and Remuneration Committee, and Ms. Praveen Kumari Singh as Independent Director. Mr. Praveen K Nagarajan represented the statutory auditors M/s. Praveen & Madan, while Mr. Dinesh Shivnarayan Birla served as the scrutinizer.

Key Resolutions Approved

Shareholders approved four critical resolutions that will significantly impact the company's operational and financial framework:

Voting Process and Compliance

The company provided comprehensive e-voting facilities in compliance with the Companies Act, 2013, and SEBI regulations. Remote e-voting commenced on Saturday, February 14, 2026, at 09:00 AM (IST) and concluded on Monday, February 16, 2026, at 05:00 PM (IST). Members present at the meeting who had not participated in remote e-voting were provided the opportunity to vote during the proceedings using NSDL's e-voting platform.

Ms. Pinki Sharma, Company Secretary and Compliance Officer, confirmed the requisite quorum was present and managed the procedural aspects of the meeting. The e-voting facility remained open for an additional 15 minutes after the formal proceedings to ensure all members could participate.

Results and Next Steps

The Chairman announced that voting results would be declared on or before February 19, 2026, with immediate intimation to BSE and publication on the company's website and NSDL platform. This EGM represents a significant milestone in the company's corporate governance journey, demonstrating strong shareholder support for strategic initiatives including capital restructuring and operational enhancements.