Omnitex Industries India has received formal approval from BSE Limited for the reclassification of four promoters from the 'Promoter/Promoter Group' category to the 'Public' category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

BSE Approval Process Completed

The company received a no-objection certificate from BSE Limited on December 18, 2025, following its application submitted on November 7, 2025. The approval covers the reclassification of four individuals who will transition from promoter status to public shareholders.

Remaining Promoter Structure

Following the reclassification, the promoter group will consist of four entities that retain their promoter status:

Impact on Shareholding Pattern

The reclassification will result in a significant change to the company's shareholding structure, with promoter holding decreasing and public holding increasing accordingly.

Regulatory Compliance

The company has fulfilled the regulatory requirements under Regulation 31A of SEBI LODR Regulations, 2015. BSE Limited has emphasized that the company must ensure compliance with subsequent relevant disclosures of material events related to this reclassification in accordance with applicable provisions.

The approval marks the completion of a regulatory process that began with the initial reclassification request, demonstrating the company's commitment to maintaining transparent shareholding structures and regulatory compliance.

Omnitex Industries India has announced significant changes to its leadership team, including the appointment of a new Chief Financial Officer (CFO) and the resignation of three directors.

New CFO Appointment

Omnitex Industries India has appointed Mr. Deepak Berry as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective November 7, 2025. Mr. Berry brings extensive experience to the role, with over 48 years in the financial sector.

Key Details of the Appointment:

Mr. Berry's career includes significant roles in various companies:

• Porritts and Spencer Asia Ltd (1977-1985)
• Birla Yamaha Ltd (1985-1988)
• Essar Group Steel Business (Head of Works Account)
• Essar Port at Hazira (CFO, 1988-2022)
• CFO at Seros Group of Companies

The company has confirmed that Mr. Berry is not related to any directors of Omnitex Industries India and is not debarred from holding the position of Key Managerial Personnel by any regulatory authority.

Leadership Changes

Alongside Mr. Berry's appointment, Omnitex Industries India announced several other significant changes to its leadership:

1. Resignation of CFO: Mr. Kusshal Ambbala has resigned from his position as CFO, effective November 7, 2025, citing personal reasons.

2. Director Resignations:

   • Mr. Durgaprasad Sabnis
   • Mr. Ashok Bhawnani
   • Mr. Kusshal Ambbala

All three directors have stepped down from their roles on the board, effective November 7, 2025, due to personal reasons.

3. New Chairman: Mr. Bhavik Ashokkumar Shah has been appointed as the new Chairman of the company.

Board Meeting Outcome

These changes were approved during a board meeting held on November 7, 2025, which commenced at 4:00 PM and concluded at 4:16 PM. The company has duly informed the BSE Limited of these developments in compliance with SEBI regulations.

These leadership changes mark a significant shift for Omnitex Industries India. The appointment of an experienced CFO like Mr. Deepak Berry, along with the board reshuffle, may indicate a new direction for the company. Stakeholders will likely monitor how these changes impact the company's financial management and overall performance in the future.