Kisan mouldings Limited has formally submitted an application to BSE Limited seeking approval for the reclassification of a promoter from the 'Promoter' category to the 'Public' category under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval and Timeline

The Board of Directors of Kisan Mouldings Limited approved the reclassification request at their meeting held on January 27, 2026. Following this approval, the company submitted the formal application to BSE Limited on January 31, 2026, in accordance with Regulation 30 read with Regulation 31A(8) of the SEBI Listing Regulations.

Promoter Details and Shareholding

The reclassification request pertains to Ms. Bindiya R Aggarwal, who currently holds shares in the promoter category. The following table provides detailed information about her shareholding:

Regulatory Compliance and Approval Process

The reclassification process is being conducted in strict compliance with SEBI regulations. The company has informed BSE Limited through a formal communication dated February 13, 2026, providing intimation of the application submission as required under Regulation 30 read with Regulation 31A of the SEBI Listing Regulations.

The reclassification is subject to approval from BSE Limited and such other approvals or confirmations as may be required under Regulation 31A and other applicable provisions of the SEBI Listing Regulations. The company is awaiting a 'No Objection Certificate' from BSE Limited to proceed with the reclassification.

Corporate Communication

The formal intimation to BSE Limited was signed by Sanjeev Aggarwal, Chairman & Managing Director (DIN: 00064076), on February 13, 2026. The communication was digitally signed and submitted to BSE Limited's Corporate Relationship Department at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai, referencing the company's scrip code 530145.

Kisan mouldings Limited's board of directors has approved the reclassification of a promoter group member from the 'Promoter and Promoter Group' category to 'Public' category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision was taken during the board meeting held on January 27, 2026, which commenced at 12:45 p.m. IST and concluded at 1:58 p.m. IST.

Promoter Reclassification Details

The board approved the reclassification request from Mrs. Bindiya R Aggarwal, who seeks to move from the promoter group category to public shareholder status. The reclassification is subject to receipt of 'No Objection Certificate' from BSE Limited, where the company's equity shares are listed.

Regulatory Compliance and Conditions

The outgoing promoter has confirmed compliance with several regulatory conditions as specified under Regulation 31A of SEBI LODR Regulations. These confirmations ensure adherence to the reclassification framework established by the securities regulator.

Key compliance confirmations include:

• Does not hold more than 10% of the fully paid-up equity share capital and voting capital
• Does not exercise control over company affairs directly or indirectly
• Has no special rights through formal or informal arrangements including shareholder agreements
• Will not be represented on the Board of Directors for more than 3 years from shareholders' approval date
• Will not act as Key Managerial Person for more than 3 years from shareholders' approval date
• Is not a 'willful defaulter' as per Reserve Bank of India Guidelines
• Is not a fugitive economic offender

Rationale and Corporate Structure

The board noted that the rationale for reclassification stems from the promoter's non-involvement in day-to-day business affairs of the company. Additionally, the decision aligns with the company's current corporate structure, as Kisan Mouldings Limited has become a subsidiary of Apollo Pipes Limited.

Approval Process and Next Steps

The reclassification requires multiple levels of approval as mandated by SEBI regulations. The board has authorized the Chairman & Managing Director, Mr. Sanjeev Aggarwal, and Executive Whole Time Director, Mr. Rishav Aggarwal, to undertake necessary procedural steps.

Required approvals include:

• Shareholders' approval through General Meeting or Postal Ballot Process
• Stock Exchange approval from BSE Limited
• Other statutory authorities as may be necessary

The company had previously intimated BSE Limited about receiving the reclassification request within twenty-four hours of receipt, as required under regulatory guidelines. This information is also available on the company's website at www.kisangroup.com .