Khyati Multimedia Entertainment Limited has submitted a formal application to BSE Limited for the reclassification of a promoter from the promoter group category to public category under regulatory guidelines. The application was filed on January 23, 2026, following the company's earlier board approval for the reclassification process.

Promoter Reclassification Details

The reclassification application pertains to Rajiv Rajnikant Parikh, who is seeking to move from the promoter group category to the public category under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Framework and Timeline

The reclassification process follows Regulation 31A of SEBI LODR 2015, which provides the framework for promoters seeking to reclassify their status. The company had previously disclosed on December 27, 2025, that its board had approved the reclassification proposal for the said promoter.

The minimal shareholding of 0.00092% held by Rajiv Rajnikant Parikh represents a very small stake in the overall equity structure of the company. The 100 shares held by the promoter seeking reclassification constitute a negligible portion of the company's total share capital.

Compliance and Disclosure Commitments

Khyati Multimedia Entertainment Limited has committed to maintaining transparency throughout the reclassification process. The company has assured BSE Limited that it will provide regular updates on all developments related to the reclassification application in accordance with SEBI LODR requirements.

The application was signed by Devilal J Shah, Company Secretary and Compliance Officer (Membership Number: A58287), ensuring proper authorization and compliance with regulatory procedures. The company's proactive approach to regulatory compliance demonstrates its commitment to maintaining transparency with stakeholders and the stock exchange.

Khyati Multimedia Entertainment has received board approval for a promoter reclassification request, with the Board of Directors formally approving the transition of a promoter group member to public category status under SEBI regulations.

Board Meeting Resolution

The Board of Directors convened on December 27, 2025, at the company's registered office to consider the reclassification request received from Rajiv Rajnikant Parikh. The meeting, chaired by Managing Director Kartik Jasubhai Patel, resulted in formal approval of the reclassification subject to regulatory approvals.

Reclassification Request Details

Rajiv Rajnikant Parikh, currently classified under the promoter group category, had formally requested reclassification to the public category under Regulation 31A of SEBI (LODR) Regulations, 2015. The company initially received this request on December 22, 2025, and promptly notified BSE Limited.

Regulatory Compliance Verification

The board verified comprehensive compliance requirements under Regulation 31A of SEBI Listing Regulations. The verification confirmed that Parikh meets all necessary criteria for reclassification, including holding less than 10% voting rights, exercising no control over company affairs, and having no special rights or board representation.

Formal Board Resolution

The board passed a comprehensive resolution approving the reclassification request, subject to BSE Limited approval and other necessary regulatory clearances. The resolution authorizes company officials to execute all required documentation and represent before regulatory authorities to complete the reclassification process.

Following regulatory approval, the company will update its shareholding pattern disclosures from the immediate succeeding quarter and comply with all applicable SEBI regulations including substantial acquisition rules and insider trading provisions.

Next Steps and Implementation

Company Secretary and Compliance Officer Devilal J Shah will coordinate the submission of necessary applications to BSE Limited for final approval. Upon receiving regulatory clearances, the reclassification will be reflected in all statutory filings and disclosures as required under SEBI regulations.

The company, trading on BSE under scrip code 531692, maintains its registered office at 100, Chinubhai Towers, Ashram Road, Navrangpura, Ahmedabad, Gujarat.