Jetmall Spices & Masala Limited , a player in the spices and masala industry, has announced several significant decisions following its Board of Directors meeting held on September 5, 2025. The company has made these announcements in compliance with SEBI regulations.

Annual General Meeting and E-voting

The company has scheduled its 13th Annual General Meeting (AGM) to be conducted through video conferencing. The cut-off date for shareholder e-voting eligibility has been set for September 23, 2025. To ensure a fair and transparent voting process, Mr. Nishant Jain (COP: 27747), a Practicing Company Secretary, has been appointed as the Scrutinizer. Central Depository Services (India) Limited will serve as the e-voting agency for both remote e-voting and e-voting during the AGM.

New Director Appointment

The Board has appointed Mr. Shrey Aggarwal (DIN: 08193099) as an Additional Director (Whole Time Director) of the company. Mr. Aggarwal's appointment, effective from September 5, 2025, is for a term of three years, subject to shareholder approval at the upcoming AGM.

Mr. Aggarwal holds a Bachelor's degree in Law from Punjab University and has over a decade of experience in the outsourcing industry. His expertise lies in delivering legal, accounting, and data support outsourcing services globally, aiming to help businesses achieve their goals.

Registered Office Relocation

The Board has approved the shifting of the company's registered office from one state to another. The specific details of the new location were not disclosed.

Internal Auditor Appointment

Anmol S Kumar & Associates, Chartered Accountants, have been appointed as the Internal Auditor for the Financial Year 2025-26. The firm, with registration number 040948N and CA Anmol as its proprietor (Membership No. 562677), brings experience in conducting internal audits for various clients.

Other Approvals

The Board has also approved the Board's Report, Management Analysis, and Review Report for the year ended March 31, 2025.

The meeting of the Board of Directors commenced at 10:00 a.m. (IST) and concluded at 11:15 a.m. (IST) on September 5, 2025.

These decisions reflect Jetmall Spices & Masala Limited's commitment to corporate governance and its efforts to strengthen its leadership team. The appointment of Mr. Shrey Aggarwal and the planned office relocation could potentially bring new perspectives and operational efficiencies to the company.

Jetmall Spices & Masala has undergone a significant change in ownership structure as the Raman Aggarwal group completed a substantial acquisition of shares, increasing their stake and gaining management control of the company.

Acquisition Details

On August 11, 2025, Raman Aggarwal, along with Anju Aggarwal and Shrey Aggarwal, collectively known as the "Acquirers," finalized the purchase of 12,04,300 equity shares of Jetmall Spices & Masala. This off-market transaction, executed through a share purchase agreement dated June 23, 2025, has resulted in a significant shift in the company's ownership structure.

Shareholding Changes

The acquisition has led to the following changes in shareholding:

The collective shareholding of the Aggarwal group has increased from 15.22% to 35.32% of the company's total equity, representing a substantial 20.10% increase.

Management Control

As per the disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the Acquirers, who belong to the promoter group, have also taken over management control of Jetmall Spices & Masala.

Company Overview

Jetmall Spices & Masala has a total equity share capital of Rs. 5,99,29,000, comprising 59,92,900 equity shares with a face value of Rs. 10 each. The company's equity structure remains unchanged following this acquisition.

Regulatory Compliance

The Acquirers have duly informed the BSE Limited and the Company Secretary of Jetmall Spices & Masala about this acquisition, in compliance with regulatory requirements. The disclosure was made on August 13, 2025, within the stipulated timeframe following the completion of the transaction.

This acquisition marks a significant development for Jetmall Spices & Masala, potentially influencing its future strategic direction under the new management control of the Raman Aggarwal group.