Dolphin Kitchen Utensils and Appliances Limited has announced the resignation of its Company Secretary and Compliance Officer, marking a key personnel change in the company's management structure. The resignation was communicated to BSE Limited in compliance with regulatory disclosure requirements.

Key Personnel Change Details

Vidhi Dilipkumar Mehta has resigned from her position as Company Secretary and Compliance Officer, a Key Managerial Personnel role within the company. The resignation letter was submitted on January 26, 2026, with the resignation taking effect immediately on the same date.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As required by the regulations, Vidhi Dilipkumar Mehta confirmed that there are no material reasons for the resignation other than those mentioned in her resignation letter.

The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring complete transparency in the personnel change announcement.

Company Information

Dolphin Kitchen Utensils and Appliances Limited, formerly known as Sai Swami Metals and Alloys Limited, operates from its registered office at 5, Harekrishana Industrial Estate, Bakrol, Ahmedabad, Daskroi, Gujarat. The company trades on BSE with scrip code 544170.

The resignation letter and related documentation have been submitted to the stock exchange for record-keeping purposes, with Chairman cum Managing Director Nipun Anantlal Bhagat signing the official communication to BSE Limited.

Dolphin Kitchen Utensils and Appliances Limited (formerly known as Sai Swami Metals and Alloys Limited) has completed the divestment of its wholly owned subsidiary, Bhagat Marketing Private Limited (BMPL). The board finalized and executed the transaction on December 17, 2025, selling 100% equity stake for Rs. 2.96 crore.

Transaction Completion Details

The company's board meeting held on December 17, 2025, formalized the complete divestment of BMPL. The transaction involved the sale of 97,400 equity shares, representing 100% of BMPL's paid-up and issued capital.

Financial Impact Assessment

BMPL represented a significant portion of the consolidated financials, making this divestment material for Dolphin Kitchen Utensils:

Buyer Information and Related Party Transaction

The transaction involves promoter group participation, with Mr. Nipun Anantlal Bhagat acquiring 80% shareholding in BMPL. As Chairman cum Managing Director and part of the promoter group, this constitutes a related party transaction conducted at arm's length basis.

Regulatory Compliance and Approvals

Dolphin Kitchen Utensils has fulfilled all regulatory disclosure requirements under SEBI (LODR) Regulations, 2015. The company confirmed compliance with Regulation 30 and related SEBI circulars. The final completion remains subject to receiving all necessary regulatory approvals, with an estimated completion date of December 31, 2025.

This strategic divestment marks a significant corporate restructuring for Dolphin Kitchen Utensils, reducing its subsidiary portfolio while generating substantial proceeds from the transaction.