Pradhin Limited , a publicly traded company, has announced a significant change in its corporate structure. Ruby Navalgaria, the Company Secretary and Compliance Officer, has tendered her resignation effective October 1, 2025. This development was disclosed by the company to BSE Limited in compliance with regulatory requirements.

Resignation Details

The resignation of Ruby Navalgaria, who holds membership number A59552 from the Institute of Company Secretaries of India, comes amidst concerns over compliance issues within the company. In her resignation letter, Navalgaria explicitly cited "lack of compliance and other issues relating to non-compliance and irregularities" as the reasons for her departure.

Corporate Disclosure

Pradhin Limited, in adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has made the following disclosures regarding the resignation:

Implications and Next Steps

The resignation of a Company Secretary and Compliance Officer citing compliance issues raises potential concerns about the company's adherence to regulatory standards. Investors and stakeholders may want to closely monitor future announcements from Pradhin Limited regarding:

1. Appointment of a new Company Secretary and Compliance Officer
2. Any internal reviews or audits to address the cited compliance issues
3. Potential regulatory scrutiny or investigations, if any

The company's board, led by Director Jay Patel (DIN: 10623714), will likely need to address these concerns promptly to maintain investor confidence and ensure ongoing compliance with regulatory requirements.

Pradhin Limited trades on the BSE under the security ID PRADHIN and code 530095. As this situation develops, shareholders and potential investors should stay informed about any further disclosures or actions taken by the company in response to these compliance concerns.

Pradhin has taken a significant step in restructuring its shareholder categories by applying for the reclassification of two individuals from the Promoter Group to the Public category. The company, which operates in the business hub of Ahmedabad, Gujarat, submitted the application to BSE Limited on August 6, 2025.

Reclassification Details

The reclassification request involves two key individuals:

1. Mr. Nandkishore Sonthalia
2. Mr. Nitin Vitthalrao Thorave

Both individuals currently hold zero shares in the company, according to the information provided in the official intimation to BSE.

Implications of Reclassification

If approved, this reclassification would change the status of Mr. Sonthalia and Mr. Thorave from Members of the Promoter Group to Public shareholders. This move could potentially impact the company's shareholding structure and governance dynamics.

Official Communication

In an official letter dated September 19, 2025, Pradhin's Director, Jay Rajeshbhai Patel, informed BSE Limited about the submission of the reclassification application. The company's communication emphasized that the application was made in accordance with the relevant regulations governing such reclassifications.

Company Background

Pradhin, with its corporate office located at 611 Fortune Business Hub, Science-City Road, Sola, Ahmedabad, is listed on the BSE. The company's registered office is situated at 61, Sembudoss Street, Chennai, Tamil Nadu.

This reclassification move by Pradhin underscores the dynamic nature of corporate structures and the ongoing adjustments companies make to align their shareholder categories with current realities. Investors and market watchers will be keenly observing the outcome of this application and its potential impact on the company's ownership structure.