Blue Chip Tex Industries Seeks Reclassification of Promoter Mr. Roop K. Khemani to Public Category

Blue Chip Tex Industries Limited has taken a significant step in restructuring its shareholding categories. The company has submitted an application to BSE Limited for the reclassification of Mr. Roop K. Khemani from the Promoter Category to the Public Category.

Application Details

The application, dated August 8, 2025, seeks approval under the provisions of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations. This move is in compliance with Regulation 31A of the SEBI LODR Regulations and its amendments.

Current Shareholding Status

According to the company's disclosure:

Outgoing Promoter	Category	Number of Equity Shares Held	% of Shareholding
Mr. Roop K. Khemani	Promoter	0	0.00

The reclassification request comes as Mr. Khemani currently holds no shares in the company, representing a 0.00% shareholding.

Corporate Action

Ms. Binita Gosalia, Company Secretary & Compliance Officer of Blue Chip Tex Industries Limited, confirmed the submission of the application in a communication to the BSE. The company's move to reclassify Mr. Khemani's status from Promoter to Public category is subject to the approval of BSE Limited.

Implications

This reclassification, if approved, could potentially impact the company's promoter shareholding structure. However, given Mr. Khemani's current zero shareholding, the immediate effect on the company's ownership distribution appears to be minimal.

Investors and stakeholders of Blue Chip Tex Industries Limited are advised to take note of this development as it progresses through the regulatory approval process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+1.14%	+0.70%	-9.48%	-6.23%	+62.86%

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:

Approval of unaudited financial results for the quarter ended June 30, 2025
Setting the date for the 40th Annual General Meeting (AGM) on September 23, 2025
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.