Reliance chemotex Industries Limited has successfully obtained regulatory approval for the reclassification of a promoter shareholder from both major Indian stock exchanges. The company announced that it has received formal approval from the National Stock Exchange of India Ltd. and BSE Limited for reclassifying Mr. Nand Gopal Khaitan from the "Promoter" category to "Public" category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Approval Details

The approval was granted on March 04, 2026, through official communications from both exchanges. NSE issued its no-objection letter numbered NSE/LIST/COMP/RELCHMO/544/2025-2026, while BSE provided approval through letter number LIST/COMP/HG/727/2025-26. This regulatory clearance comes following the company's initial application submitted on November 18, 2025.

Reclassification Specifics

The reclassification involves a minimal shareholding transition, as detailed in the company's disclosure:

Exchange Communications

Both NSE and BSE have issued formal no-objection letters confirming their approval for the reclassification request. NSE's approval was communicated by Apeksha Raichura, Manager – Listing Compliance, while BSE's approval was signed by Shyam Bhagirath, Manager, and Harsh Gohil from Listing Compliance. The exchanges have emphasized that the company must ensure compliance with subsequent relevant disclosures of material events related to this reclassification.

Regulatory Framework

The reclassification process is governed by Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides the framework for promoters to seek reclassification from promoter category to public category under specific circumstances. The approval from both exchanges ensures that the reclassification meets all regulatory requirements and compliance standards.

Corporate Communication

The announcement was made by Chandrasekaran Rajagopalan, who serves as CFO cum Company Secretary and Compliance Officer for Reliance Chemotex Industries Limited. The company has indicated that the approval letters from both stock exchanges are available on the company's website at reliancechemotex.com for stakeholder reference and transparency.

Reliance Chemotex Industries Limited has announced a key leadership appointment, naming Mr. Brahm Swaroop Sharma as President of the Company with immediate effect from February 11, 2026. The appointment marks a strategic addition to the company's senior management team as it continues to strengthen its operational capabilities.

Board Approval and Regulatory Compliance

The Board of Directors approved the appointment during their meeting held on February 11, 2026, conducted through video conferencing from 11:39 A.M. to 12:10 P.M. The decision was made based on the recommendation of the Nomination and Remuneration Committee, ensuring proper governance protocols were followed.

The company has fulfilled its regulatory obligations by informing both BSE Limited and National Stock Exchange of India Limited about this senior management appointment, as required under Regulation 30 of the SEBI Listing Regulations, 2015.

Professional Background and Expertise

Mr. Brahm Swaroop Sharma brings substantial industry experience to his new role, with 30 years of comprehensive experience in the textile sector. His professional background encompasses multiple critical areas of textile operations and strategic management.

Key Areas of Expertise:

• Operations and strategy management in global textile organizations
• Large-scale spinning mill operations leadership
• Process optimization and cost efficiency improvements
• Turnaround management for underperforming units
• Automation and digital transformation implementation
• Business expansion across international markets

Geographic Experience and Market Knowledge

The newly appointed President has demonstrated his capabilities across diverse geographic markets, having successfully managed operations and expanded business activities in India, Europe, and Turkey. This international experience is expected to contribute valuable insights to Reliance Chemotex Industries' strategic initiatives.

Focus Areas and Strategic Vision

Mr. Sharma's appointment aligns with contemporary industry trends, as he brings a strong focus on several key areas that are increasingly important in the modern textile industry:

• Sustainability initiatives and environmentally responsible practices
• Innovation in textile manufacturing processes
• Quality excellence in production and operations
• Digital transformation and automation implementation

The appointment reflects Reliance Chemotex Industries' commitment to strengthening its leadership team with experienced professionals who can drive operational excellence and strategic growth in the competitive textile industry.