Jhandewalas Foods Limited Announces Demise of Promoter Bhanwar Lal Koolwal

Jhandewalas Foods Limited has officially notified the BSE about the demise of Shri Bhanwar Lal Koolwal, a promoter of the company. The announcement was made on January 20, 2026, in compliance with regulatory requirements under the SEBI LODR Regulations 2015.

Regulatory Compliance and Notification

The company filed the intimation under Regulation 30 and 31A(6)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was addressed to the Department of Corporate Services at BSE Limited, with the company trading under scrip code 540850 and scrip name JFL.

Parameter:	Details
Date of Demise:	December 6, 2025
Place of Death:	Jaipur, Rajasthan
Notification Date:	January 20, 2026
Regulatory Framework:	SEBI LODR Regulations 2015

Company's Statement on the Loss

In the official communication signed by Managing Director Raakesh B Kulwal (DIN: 00615150), the company expressed profound grief over the loss. The management described Shri Bhanwar Lal Koolwal's sudden and unexpected passing as an irreparable loss to the company. All directors and employees of the group have conveyed deep sorrow and condolences to the bereaved family.

Regulatory Impact and Promoter Status

Following the demise, Shri Bhanwar Lal Koolwal will cease to be a promoter of the company in accordance with Regulation 31A(6)(c) of the SEBI LODR Regulations, 2015. This regulatory provision automatically terminates promoter status upon death, ensuring compliance with securities market regulations.

Documentation and Official Records

The company has submitted the official death certificate issued by the Government of Rajasthan as supporting documentation. The certificate, issued by the Registrar of Malviya Nagar Zone, Jaipur, confirms the death registration details and serves as official proof for regulatory compliance.

Certificate Details:	Information
Registration Number:	08110001000118300434/2025
Registration Date:	December 25, 2025
Certificate Issue Date:	January 8, 2026
Issuing Authority:	Directorate of Economics & Statistics, Rajasthan

The notification ensures transparency and adherence to corporate governance standards, keeping all stakeholders informed about changes in the company's promoter structure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.00%	+27.53%	-19.79%	-32.57%	-54.17%	+433.08%

Jhandewalas Foods Limited , a player in the food industry, has taken a step to strengthen its capital base. Four promoters of the company have converted warrants into 1,746,535 equity shares, increasing their collective shareholding by 11.40% of post-issue capital.

Key Details of the Conversion

The conversion was approved in a board meeting held on December 5. The breakdown of the allotment to promoters is as follows:

Promoter	Number of Shares	Percentage Stake
Raakesh B Kulwal	838,000	5.47%
Other Promoters	908,535	5.93%
Total	1,746,535	11.40%

Impact on Shareholding Structure

This warrant conversion indicates confidence from the promoters in the company's prospects. The increase in promoter shareholding underscores their commitment to the company's strategy.

Financial Implications

Specific financial details of this conversion were not provided. However, it may strengthen the company's capital structure.

Outlook

This move by Jhandewalas Foods Limited's promoters appears to be part of a plan to reinforce their stake in the company. The increase in promoter shareholding could be viewed positively by the market, as it may reflect insider confidence in the company's prospects.

Investors and market watchers may monitor how this change in shareholding structure might influence the company's future decisions and its position in the food industry sector.