National Fittings Limited , a company listed on the Bombay Stock Exchange (BSE), has announced a significant change in its shareholding structure. The company's promoter, A V Palaniswamy, has requested reclassification from the 'promoter' category to the 'public' category of shareholders.

Key Details of the Reclassification Request

Conditions and Next Steps

The Board of Directors has approved the reclassification request, subject to two primary conditions:

1. Share Transfer: The reclassification is contingent upon the transfer of shares from A V Palaniswamy to Himgiri Castings Private Limited, along with Persons Acting in Concert.

2. Regulatory Approvals: The reclassification requires approval from the company's shareholders and a no-objection from the BSE.

Timeline and Delays

• The share transfer process was initiated on October 17, 2025.
• However, the transfer has faced delays due to the intervening Diwali holidays.

Regulatory Compliance

National Fittings Limited has emphasized that this reclassification request is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The company has duly informed the BSE about this development, adhering to Regulation 31A(8) of the SEBI LODR Regulations.

Implications

This reclassification, if approved, could potentially alter the company's shareholding structure and might have implications for corporate governance and control. Shareholders and market participants will likely be watching closely for the outcomes of the shareholder vote and the BSE's response.

Investors and stakeholders are advised to keep an eye on further announcements from National Fittings Limited regarding the progress of this reclassification request.

National Fittings Limited , a prominent player in the fittings industry, has announced significant changes to its leadership structure, appointing new directors and reshuffling key positions. The company's Board of Directors, acting on recommendations from the Nomination and Remuneration Committee, has approved these appointments, which are set to take effect from October 18, 2025, subject to shareholder approval at the upcoming Annual General Meeting.

New Appointments and Roles

Father-Son Duo Joins the Board

The appointment of Mr. Anil Kumar Agarwal and his son, Mr. Arpit Agarwal, brings a wealth of experience in foundry management to National Fittings Limited. Both father and son have backgrounds in mechanical engineering and have held leadership positions at Himgiri Castings Private Limited.

Professional Backgrounds

Mr. Anil Kumar Agarwal

• Designated as Non-Executive Non-Independent Director
• Extensive experience in foundry management
• Mechanical engineering background

Mr. Arpit Agarwal

• Appointed as Managing Director for a five-year term
• Mechanical engineering background
• Experience in foundry management
• Previously held leadership roles at Himgiri Castings Private Limited

Mr. Jayaram Govindarajan

• Appointed as Joint Managing Director for a three-year term
• Over 20 years of experience in manufacturing and operations
• Holds director positions in multiple companies, including Shiva Texyam Limited

These strategic appointments aim to strengthen National Fittings Limited's leadership team, potentially bringing fresh perspectives and extensive industry experience to guide the company's future growth and operations. Shareholders will have the opportunity to approve these appointments at the forthcoming Annual General Meeting, marking a new chapter in the company's corporate governance structure.

As National Fittings Limited prepares for this transition in leadership, the market will be watching closely to see how these changes may impact the company's strategic direction and performance in the coming years.