Grovy India Limited has announced the release of pledge on 60,000 equity shares held by one of its promoters. The disclosure was made on December 29, 2025, in compliance with regulatory requirements.

Pledge Release Details

The company disclosed that promoter P.C. Jalan HUF has released the pledge on its equity shareholding. The key details of this transaction are as follows:

Regulatory Compliance

The disclosure was made pursuant to Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to disclose any changes in their shareholding patterns, including the creation or release of pledges on their equity holdings.

The announcement was formally communicated to BSE Limited's Department of Corporate Services at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company stated that this disclosure is being submitted for information and record purposes as required under applicable SEBI regulations.

Management Authorization

The disclosure was authorized and digitally signed by Nishit Jalan, who serves as the Whole-time Director & CEO of Grovy India Limited. His details are as follows:

The release of pledge on equity shares typically indicates improved financial flexibility for the promoter entity and can be viewed as a positive development in terms of reduced encumbrance on shareholding.

Grovy India Limited has announced a significant change in its corporate leadership structure. The company has terminated the services of its Company Secretary and Compliance Officer, Ms. Megha Mishra, citing misconduct and actions inconsistent with professional standards.

Key Developments

1. Termination of Company Secretary:

   • Ms. Megha Mishra (Membership No. A73040) has been removed from her position.
   • The decision was made by the Board of Directors on November 17, 2025.

2. Interim Arrangement:

   • Mr. Prakash Chand Jalan, a Director of the company, will serve as the interim Compliance Officer.
   • This arrangement will continue until a new Company Secretary and Compliance Officer is appointed.

3. Regulatory Compliance:

   • The company has made this disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Change

Next Steps

Grovy India Limited has stated that it will initiate the process for appointing a new Company Secretary and Compliance Officer in accordance with applicable statutory requirements. The company has assured that all necessary steps are being taken to ensure continuity in secretarial and compliance functions.

This development underscores the importance of maintaining high professional standards in key corporate governance roles. Shareholders and stakeholders will likely be watching closely as Grovy India navigates this transition and works to maintain regulatory compliance.