Inditrade Capital Limited's Board of Directors has approved the reclassification of M/s A T Invofin India Private Limited from promoter group status to public shareholder, marking a significant corporate governance development. The decision was taken during the board meeting held on February 13, 2026, following a formal request from the entity seeking reclassification.

Board Resolution Details

The board's approval is contingent upon receiving necessary regulatory approvals, particularly from BSE Limited, in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework governs the reclassification process for promoter entities seeking to transition to public shareholder status.

Compliance Confirmations

The board has provided comprehensive confirmations regarding A T Invofin India Private Limited's eligibility for reclassification. As per the board resolution, the entity meets all regulatory requirements for the transition from promoter group to public shareholder status.

Key compliance aspects confirmed by the board include:

• The entity does not hold more than 10% of the company's paid-up equity share capital
• No control is exercised over the company's affairs
• Absence of special rights through formal or informal arrangements
• No representation on the Board of Directors
• No key managerial personnel positions held in the company

Authorization and Next Steps

The board has authorized Mr. Sudip Bandyopadhyay, Director, and the Company Secretary to undertake all necessary procedural steps for implementing the reclassification. This includes filing applications with stock exchanges and other regulatory authorities, along with submission of required documentation.

Regulatory Process

The reclassification process requires formal approval from BSE Limited, where Inditrade Capital's equity shares are listed under scrip code 532745. The company has committed to furnishing certified copies of the board resolutions to BSE Limited and other concerned authorities as required under the regulatory framework. This development continues from the company's earlier intimation dated December 6, 2025, regarding the reclassification request.

Inditrade Capital Limited has formally notified the BSE about the cessation of Mr. Kerachan Ayyappan Somasekharan as Independent Director, effective February 16, 2026. The announcement comes as part of the company's regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Tenure Completion

Mr. Kerachan Ayyappan Somasekharan's tenure as Independent Director concluded on February 15, 2026, marking the end of his second consecutive five-year term. The regulatory framework mandates that independent directors cannot serve beyond two consecutive terms of five years each, leading to his cessation from the board.

Regulatory Compliance

The company has submitted the required intimation to the BSE under Regulation 30 of SEBI (LODR) Regulations, 2015. The disclosure also complies with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and Schedule III of the SEBI Listing Regulations. Inditrade Capital's scrip code 532745 was referenced in the official communication to the exchange.

Board Acknowledgment

The Board of Directors and company management have formally acknowledged Mr. Somasekharan's contributions during his tenure. The company has placed on record its appreciation for the invaluable advice, guidance, and contributions made by the outgoing Independent Director throughout his service period.

Corporate Governance Impact

The cessation represents a routine corporate governance transition as companies regularly refresh their independent director composition to maintain regulatory compliance. The departure follows the natural conclusion of the maximum permissible tenure for independent directors under current SEBI regulations, ensuring adherence to corporate governance standards.