Blue Chip Tex Industries Limited has withdrawn its application for the reclassification of promoter Mr. Roop K. Khemani from the Promoter Category to the Public Category. The company formally notified BSE Limited of this decision on January 6, 2026.

Withdrawal Details

The withdrawal communication was signed by Managing Director Shahin N. Khemani and addressed to BSE Limited. The company cited careful review and evaluation as the reason for withdrawing the previously submitted application.

Background Context

The original application, submitted in August 2025, sought approval under the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations. The reclassification request was made under Regulation 31A of the SEBI LODR Regulations.

Current Status

According to the company's previous disclosure, Mr. Roop K. Khemani held zero equity shares, representing a 0.00% shareholding in the company. The withdrawal means that Mr. Khemani will continue to remain classified in the Promoter Category despite holding no shares.

Corporate Communication

The formal withdrawal letter was digitally signed by Managing Director Shahin N. Khemani (DIN: 03296813) and submitted to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company has requested BSE to acknowledge receipt of the withdrawal request and provide confirmation.

Market Implications

This development reverses the company's earlier attempt to restructure its shareholding categories. Investors and stakeholders should note that the promoter classification structure will remain unchanged from its previous status, pending any future corporate actions by the company.

Blue Chip Tex Industries Limited , a prominent player in the textile industry, has announced significant changes in its leadership and shareholder structure. The company's Board of Directors has approved two key decisions: the reappointment of Mr. Shahin N. Khemani as Managing Director for another five-year term and the reclassification of Mr. Roop Khemani from 'Promoter' to 'Public' shareholder category.

Reappointment of Shahin N. Khemani as Managing Director

Mr. Shahin N. Khemani has been reappointed as the Managing Director for a five-year term, subject to shareholder approval. His new tenure will extend from September 1, 2025, to August 31, 2030. The decision was made at a Board meeting held on August 6, 2025, following recommendations from the Nomination and Remuneration Committee.

Shahin N. Khemani's Profile and Experience

Mr. Khemani brings extensive experience to his role:

• Over 14 years of experience in the textile industry
• Bachelor of Management Studies from Mumbai University
• Master's Degree in Technology Entrepreneurship from the University of London, UK
• Associated with Blue Chip Tex Industries for more than a decade

Initially appointed as a Director in August 2011, Khemani has been instrumental in the company's growth, focusing on business strategy, development, and research functions.

Reclassification of Roop Khemani as Public Shareholder

In a separate development, the Board has approved Mr. Roop Khemani's request to be reclassified from the 'Promoter' category to the 'Public' category shareholder. Key points regarding this reclassification include:

• Mr. Roop Khemani currently holds 0.00% shares in the company.
• He gifted his shares to other promoters in September 2021.
• Mr. Khemani has confirmed that he has relinquished all rights in the company.
• He is not part of the Board or management and has no special arrangements with the company.
• The reclassification is subject to approval from stock exchanges, including BSE Limited.

Additional Company Updates

The Board meeting also addressed several other important matters:

1. Approval of unaudited financial results for the quarter ended June 30, 2025
2. Setting the date for the 40th Annual General Meeting (AGM) on September 23, 2025
3. The AGM will be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), in compliance with the Ministry of Corporate Affairs' guidelines

These developments signify Blue Chip Tex Industries' commitment to effective governance and strategic leadership as it continues to navigate the competitive textile industry landscape.