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.

Postal Ballot Notice Details

Khyati Multimedia-Entertainment Limited has issued a postal ballot notice dated December 15, 2025, for the appointment of a new Independent Director. The company submitted the notice to BSE Limited under Regulation 30, outlining the e-voting programme and procedural details for shareholder participation.

Director Appointment Proposal

The postal ballot seeks shareholder approval for the appointment of Mr. Dilipkumar Gajanand Nikhare (DIN: 10118965) as Non-Promoter Non-Executive Independent Director for a five-year term effective December 1, 2025, to November 30, 2030.

Appointee Profile

Mr. Nikhare is a qualified Company Secretary with over 10 years of experience in corporate legal compliances, ROC, SEBI and stock exchange compliances. He currently serves as Company Secretary at Vishal Fabrics Limited and holds independent directorships at Aamrakunj Realty Limited and Pacific Iron Manufacturing Limited.

Board Composition Requirements

The company's current board comprises 2 directors from promoter/promoter group, 1 non-promoter executive director, and 2 independent directors. As the Chairman is a promoter and executive, the board requires 50% directors as independent directors to maintain compliance with regulatory requirements.

E-voting Process

Shareholders can participate through CDSL's e-voting platform at www.evotingindia.com . The company has appointed Mr. Kamlesh M. Shah (Certificate of Practice No. 2072) from M/s. Kamlesh M. Shah & Co., Practicing Company Secretaries, as the Scrutinizer for conducting the postal ballot voting process.

Key Voting Information

• Only electronic voting is permitted; no physical postal ballots
• Voting rights proportional to paid-up equity share capital as of cut-off date
• Results will be communicated to BSE Limited and uploaded on company and CDSL websites
• No proxy voting allowed for postal ballot process

Regulatory Compliance

The postal ballot notice complies with Section 108 and Section 110 of the Companies Act, 2013, read with Companies (Management and Administration) Rules, 2014, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment aligns with MCA circulars and secretarial standards for enhanced corporate governance.