Hari Govind International Limited has announced the resignation of three directors from its board, effective February 14, 2026. The company informed BSE Limited about these key leadership changes in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignations Overview

The company received resignation letters from all three directors on February 14, 2026, with immediate effect from the same date. The resignations represent significant changes in the company's board composition.

Reasons for Resignation

Each director cited specific reasons for their departure from the board. Ms. Aruna Mahesh Menkudale resigned from her position as Independent Director due to professional commitments. Both Mr. Jugal Kishore Harikisan Maniyar and Mrs. Sunita Jugal Kishore Maniyar cited the open offer and personal commitments as reasons for their resignations.

Regulatory Compliance

The company has submitted detailed resignation letters along with reasons for resignation as required under Schedule III of SEBI (LODR) Regulations, 2015. All resigning directors confirmed that there are no other material reasons for their resignations beyond those mentioned in their respective resignation letters. None of the resigning directors hold directorship in any other listed entities.

Company Leadership

The announcement was signed by Mr. Shaju Thomas, Managing Director (DIN: 06412983), on behalf of Hari Govind International Limited. The company is registered in Nagpur with its office located at 125, Wardhman Nagar, Near Radha Krishna Mandir, Nagpur-08, and trades on BSE under scrip code 530565.

Hari Govind International Limited has formally intimated BSE Limited about receiving reclassification requests from two promoter group members who seek to transition from "Promoter/Promoter Group Category" to "Public Category" under Regulation 31A(10) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Official BSE Intimation

The company submitted an official intimation letter to BSE Limited on February 14, 2026, bearing scrip code 530565. Managing Director Shaju Thomas, with DIN 06412983, signed the intimation letter confirming receipt of reclassification requests from promoter group members following the execution of a Share Purchase Agreement dated May 14, 2025, and the consequent Open Offer.

Reclassification Applicants Details

The company received formal reclassification requests from the following promoter group members:

Share Transfer Background

The reclassification requests stem from a comprehensive Share Purchase Agreement executed on May 14, 2025, between the promoter group members and new acquirers Mr. Shaju Thomas and Ms. Linta Purayidathil Jose. Under this agreement, significant share transfers took place as part of the subsequent open offer process.

Jugal Kishore Maniyar (HUF) transferred a total of 18,75,000 equity shares, distributing 13,75,000 shares to Mr. Shaju Thomas and 5,00,000 shares to Ms. Linta Purayidathil Jose. Following these transfers, Jugal Kishore Maniyar (HUF) holds no equity shares in the company.

Mrs. Sunita Maniyar transferred 11,25,000 equity shares to Mr. Shaju Thomas while retaining 7,50,000 equity shares, which constitute 8.80% of the company's total equity share capital.

Regulatory Compliance and Board Resignations

Both applicants fulfilled regulatory requirements by resigning from their director positions effective February 14, 2026. Jugal Kishore Maniyar resigned from his role as Whole-time Director, while Mrs. Sunita Maniyar stepped down from her position as Director.

The applicants provided comprehensive undertakings confirming they do not exercise control over company affairs directly or indirectly, have no special rights regarding the company through formal or informal arrangements, are not represented on the Board of Directors, and are not acting as Key Managerial Personnel.

SEBI Compliance Framework

The reclassification requests comply with Regulation 31A of the SEBI Listing Regulations, which governs the transition of promoter group members to public category status. Both applicants confirmed they are not willful defaulters per Reserve Bank of India guidelines and have not been categorized as fugitive economic offenders.

Both applicants have committed to maintaining compliance with specified conditions for a minimum period of three years from the reclassification date. The company has submitted copies of the reclassification request letters to BSE Limited for record-keeping purposes.