June Industries Ltd. has provided detailed clarification regarding the resignation of three independent directors, following a request from BSE Limited for additional information under SEBI regulations. The company, formerly known as Kashyap Tele-Medicines Ltd., submitted the clarification on January 7, 2026, addressing resignations that took effect on August 14, 2025.

Director Resignations and Reasons

The company disclosed specific reasons for each director's departure, all citing similar circumstances following the completion of an open offer by acquirers.

Regulatory Compliance and Clarification

The clarification was submitted pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, following email directions from BSE Limited. The exchange had sought additional details in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

June Industries acknowledged that the detailed reasons were inadvertently not disclosed in the original corporate announcement submitted on August 14, 2025. The company described this omission as unintentional and due to an inadvertent oversight.

Impact of Open Offer Completion

All three directors cited the same primary reason for their resignation - pre-occupancy following the completion of an open offer by acquirers. The company stated that upon completion of this corporate action, the directors were unable to devote adequate time and attention to the affairs of the company.

The company explicitly clarified that there were no other material reasons for the resignations, including any disagreements with the board or management.

Corporate Governance Commitment

June Industries confirmed that the information provided is true, complete, and adequate. The company reiterated its commitment to timely and transparent disclosures in accordance with applicable regulatory requirements. The clarification ensures compliance with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015 and the referenced SEBI Circular.

The document was signed by Kalpesh Bipin Sheth, Managing Director (DIN: 00405151), on behalf of June Industries Limited.

Kashyap Tele-Medicines Limited , now officially known as June Industries Limited, has undergone a significant corporate transformation with the completion of its name change process. The company, listed on the Bombay Stock Exchange under scrip code 531960, received official approval for the name change from the Registrar of Companies on December 30, 2025.

Official Name Change Details

The Ministry of Corporate Affairs has issued a Certificate of Incorporation pursuant to change of name, formally approving the transition from "Kashyap Tele-Medicines Limited" to "June Industries Limited." This change became effective on December 30, 2025, marking a new chapter in the company's corporate identity.

Regulatory Compliance and Next Steps

The company has informed BSE Limited about the name change under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As part of the transition process, June Industries Limited will file the final application with BSE Limited to effect the change of name on stock exchange records and enable trading of equity shares under the new name.

The Memorandum and Articles of Association have been altered to reflect the name change, ensuring complete legal compliance with the transformation. The company's registered office remains at Unit No. 22 & 23, Hasti Industrial Premises Co-Op Soc Ltd, Plot No R-798, Mahape, MIDC, Navi Mumbai.

Recent Leadership Strengthening

Prior to this name change, the company had significantly strengthened its leadership team and board structure. In July 2025, several key appointments were made, including Ms. Varsha Sawant as Company Secretary and Compliance Officer, and Mr. Anirudh Shah as Chief Financial Officer. The board was also enhanced with three new Additional Directors: Mr. Hardik Bauva, Mr. Hiren Mehta, and Mr. Mandar Jain.

Corporate Transformation Impact

The name change to June Industries Limited, combined with the recent leadership appointments and board restructuring, represents a comprehensive corporate transformation. These changes reflect the company's strategic direction and commitment to enhanced corporate governance. The company will continue trading under BSE scrip code 531960 while operating under its new corporate identity as June Industries Limited.