Jattashankar Industries Limited has announced a series of significant changes to its organizational structure and business focus, as detailed in the outcome of its board meeting held on August 22, 2025.

Key Management Changes

The company has undergone several important management changes:

• New Secretarial Auditor: Following the resignation of Kala Agarwal, the board has appointed M/s B.S. Vyas & Associates as the new Secretarial Auditor for a five-year term from 2025-26 to 2029-30, subject to shareholder approval. B.S. Vyas & Associates, based in Ahmedabad, brings over 10 years of experience and holds a valid Peer Review Certificate (6214/2024).

• Chief Financial Officer Appointment: Ms. Meghanaben Chiragbhai Patel has been appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective August 22, 2025. Ms. Patel, born on May 10, 1992, brings over five years of experience in finance, strategy, M&A, business development, and risk management across various sectors including healthcare, real estate, engineering, and financial services.

Strategic Business Shifts

Jattashankar Industries has also announced two major strategic changes:

1. Relocation of Registered Office: The company plans to shift its registered office from Mumbai to Pune, subject to shareholder and regulatory approvals. The new address will be Shop No: 75/2/2B, Wing-B, Unit No-615, 6th Floor, South Block, "Sacred World", Wanawadi, Pune-411040.

2. Change in Business Focus: The board has approved an amendment to the company's Memorandum of Association to alter its object clause. The new focus will be on:

   • Trading and distribution of agriculture products, edible oils, and food products
   • Setting up manufacturing and processing facilities for these products
   • Engaging in wholesale and retail trade of agriculture products, edible oils, and related consumer goods
   • Developing and promoting brands related to these product lines

Upcoming Annual General Meeting

The 37th Annual General Meeting (AGM) of Jattashankar Industries is scheduled for September 20, 2025, at 12:00 PM IST. The meeting will be held via video conferencing, in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

These changes mark a significant shift in Jattashankar Industries' business strategy and management structure, potentially positioning the company for growth in the agriculture and food products sector.

Jattashankar Industries Limited , a Mumbai-based company, has announced a significant change in its ownership structure, with a new group of promoters acquiring a controlling stake in the firm. The transition marks a pivotal moment for the company as it moves forward under new leadership.

New Promoters Take the Helm

The Acquirer group, consisting of five individuals, has successfully completed the acquisition of 31,82,900 equity shares, representing a substantial 72.55% of Jattashankar Industries' equity share capital. This acquisition was executed through an open offer, resulting in a complete overhaul of the company's promoter group.

The new promoters and their respective shareholdings are as follows:

Exit of Previous Promoters

Concurrent with this acquisition, the previous promoter group has completely divested their stake in the company. The outgoing promoters, including Jattashankar Poddar, Sharad Poddar, Seema Jattashankar Poddar, Seema Sharad Poddar, Subhash Poddar HUF, and Sharad Poddar HUF, have formally requested reclassification from 'promoter/promoter group' to 'public' category.

Regulatory Compliance

In accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the outgoing promoters have confirmed that they:

• No longer hold more than 10% of the total voting rights in the company
• Do not exercise control over the company's affairs
• Have no special rights through formal or informal arrangements
• Are not represented on the board of directors
• Are not acting as key managerial personnel

Implications for Jattashankar Industries

This change in ownership structure could potentially bring new strategic direction and management approach to Jattashankar Industries. Shareholders and market observers will likely be watching closely to see how this transition affects the company's operations and future growth plans.

The company has duly informed the BSE Limited of these changes, adhering to the regulatory requirements for such significant shifts in ownership and control.

As Jattashankar Industries embarks on this new chapter under fresh leadership, stakeholders will be keen to see how the new promoter group leverages their controlling stake to drive the company's performance and create value for all shareholders.