Sharda Motor Industries Limited has announced a restructuring of its senior management personnel effective January 31, 2026, as part of broader organizational changes. The company communicated this development to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Organizational Structure Changes

The restructuring affects the classification of senior management personnel within the company's reporting hierarchy. Due to changes in the organizational structure, two employees who were previously identified as Senior Management Personnel (SMP) will no longer fall under this definition as per Regulation 16(1)(d) of SEBI Listing Regulations.

Personnel Affected by Restructuring

The following table outlines the employees impacted by the organizational changes:

Both employees ceased to be classified as Senior Management Personnel with effect from the closure of business hours on January 31, 2026. However, the company emphasized that there is no cessation of employment, and both individuals will continue working under the new reporting structure.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company provided detailed information as required under these regulations, including the reason for change, effective date, and confirmation that both employees remain with the organization.

Company Communication

The formal communication was signed by Iti Goyal, Assistant Company Secretary & Compliance Officer, and submitted to both stock exchanges where the company is listed. Sharda Motor Industries trades on BSE with scrip code 535602 and on NSE with the symbol SHARDAMOTR in the equity series.

This restructuring represents an internal organizational optimization while maintaining continuity in key personnel roles within the company's operational framework.

Sharda Motor Industries Ltd witnessed a significant stake acquisition by ICICI Prudential Mutual Fund, which purchased 1,50,000 shares on January 13, 2026, pushing its total shareholding above the 5% regulatory threshold. The transaction was conducted through secondary market purchases and has triggered mandatory disclosure requirements under SEBI regulations.

Acquisition Details and Shareholding Changes

The mutual fund's acquisition represents 0.26% of Sharda Motor's total share capital, bringing its cumulative holding to 30,11,799 shares. This translates to 5.25% of the company's paid-up capital, up from the previous holding of 28,61,799 shares (4.99%).

Regulatory Filing and Disclosure Process

ICICI Prudential Asset Management Company Limited filed the mandatory disclosure with BSE Limited on January 14, 2026, under reference number IPAMC/53(II)/25-26. The filing was submitted by Rakesh Shetty, Chief Compliance Officer & Company Secretary, as the authorized signatory. Notably, the fund had to submit a revised disclosure after initially mentioning an incorrect company name in their cover letter.

Company Capital Structure

Sharda Motor Industries maintains a stable capital structure with an equity share capital of ₹11,48,15,412, comprising 5,74,07,706 shares of face value ₹2.00 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited, providing liquidity for institutional investors like mutual funds.

Investment Intent and Market Implications

The fund explicitly stated in its disclosure that the shareholding is maintained from an investment perspective rather than seeking any controlling interest in the auto ancillary company. This acquisition reflects institutional confidence in Sharda Motor Industries, which operates in the auto ancillaries sector, and demonstrates active participation of mutual funds in mid-cap stocks.

The crossing of the 5% threshold brings additional regulatory oversight and transparency requirements for future transactions involving the fund and Sharda Motor Industries. The transaction indicates positive sentiment toward the company's prospects while maintaining compliance with SEBI takeover regulations.