Rolex rings Limited has successfully obtained regulatory approval from both major Indian stock exchanges for the reclassification of two promoter group members to public category. The company received no-objection letters from BSE Limited and National Stock Exchange of India Limited on January 21, 2026, marking the completion of a process initiated in November 2025.

Regulatory Approval Details

The reclassification has been approved under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE Limited issued its approval through Letter No. LIST/COMP/SJ/683/2025-26, while NSE provided its consent via Letter No. NSE/List/Comp/ROLEXRINGS/538/2025-26, both dated January 21, 2026.

The company had originally submitted its application for promoter reclassification on November 14, 2025, seeking approval to transition two promoter group members to public shareholder status.

Reclassification Summary

The approved reclassification covers two individuals who will transition from promoter group status to public shareholders:

Compliance Requirements

Both stock exchanges have emphasized the company's obligation to ensure compliance with subsequent relevant disclosures of material events related to this reclassification. The exchanges have mandated adherence to applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015 for all future disclosures.

Corporate Communication

The approval letters and related information have been made available on the company's official website at www.rolexrings.com . Company Secretary and Compliance Officer CS Hardik Dhimantbhai Gandhi signed the regulatory communication, confirming receipt of the approvals and ensuring proper disclosure to stakeholders.

The reclassification represents a significant corporate governance development for Rolex Rings Limited, as it reduces the promoter group composition while maintaining transparency in shareholding structure as mandated by SEBI regulations.

Rolex Rings Limited promoter Manesh Dayashankar Madeka has pledged 73,00,000 equity shares of the company to two financial institutions, according to official regulatory disclosures filed on January 2, 2026. The pledge was created on December 31, 2025, involving shares with a face value of Re. 1 each.

Pledge Transaction Details

The pledge arrangement involves two separate transactions with different financial institutions under third-party pledge arrangements:

Promoter Holdings Overview

Manesh Dayashankar Madeka maintains significant holdings in the company, with the pledged shares representing a portion of his total promoter stake:

Regulatory Compliance and Filing Details

The disclosure was made in compliance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Company Secretary and Compliance Officer Hardik Dhimantbhai Gandhi submitted the regulatory filing on January 3, 2026, confirming receipt of the promoter's disclosure. The filing was submitted to both BSE Limited, where the company trades under scrip code 543325 and symbol ROLEXRINGS, and the National Stock Exchange.

Company Information

Rolex Rings Limited is headquartered in Rajkot, Gujarat, with its registered office located behind Glowtech Steel Private Limited on Gondal Road, Kotharia. The company operates in the castings, forgings and fasteners sector and maintains listings on both major Indian stock exchanges. The pledge creation represents a standard corporate financing arrangement where promoters use their shareholdings as collateral for securing credit facilities from financial institutions.