Shradha AI Technologies Limited (formerly Shradha Industries Limited) has disclosed a significant legal development involving its Promoter and Managing Director, Sunil Gyanchand Raisoni. The company, listed on both the BSE and Metropolitan Stock Exchange of India, made this announcement in compliance with SEBI regulations.

Court Order Details

According to the company's filing, the Court of Chief Judicial Magistrate in Nagpur issued an order on August 16, 2025, which was certified on August 18 and communicated to the company on August 19. The case, which involved allegations against Raisoni, was disposed of through plea bargaining. The court's decision includes:

• Release of the accused on admonition
• Direction to pay ₹2,02,000.00 as compensation
• Additional payment of ₹66,670.00 for litigation costs
• Cancellation of bail bonds

Allegations and Charges

The charges against Raisoni were related to:

1. Alleged misuse of BSNL internet lease line for commercial purposes
2. Use of unlicensed wireless equipment

These allegations involved offences under various legal provisions:

• Section 120B read with 420 of the Indian Penal Code
• Section 6(A) of the Wireless Telegraphy Act, 1933
• Section 20(A) of the Telegraph Act, 1885

Company's Statement

Shradha AI Technologies Limited has emphasized that this matter pertains to Sunil Raisoni in his personal capacity. The company stated explicitly that the court order has no impact on its operations or financial standing.

Regulatory Compliance

This disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015. The company's prompt reporting of this development underscores its commitment to transparency and regulatory compliance.

While this legal matter has been resolved, it serves as a reminder of the importance of corporate governance and the potential personal liabilities that company executives may face. Shareholders and stakeholders of Shradha AI Technologies Limited will likely be monitoring any potential long-term implications of this incident on the company's leadership and reputation.

Shradha AI Technologies Limited , formerly known as Shradha Industries Limited, has reported that Vibrant Infotech (Nagpur) Private Limited, a promoter group entity, has sold 125,000 equity shares of the company through an off-market transaction on August 6, 2025. This inter-se transfer amongst promoters has resulted in a slight reduction of Vibrant Infotech's shareholding in the AI technology firm.

Transaction Details

The off-market sale has altered Vibrant Infotech's stake in Shradha AI Technologies as follows:

This transaction represents a decrease of 0.21% in Vibrant Infotech's ownership of Shradha AI Technologies.

Company Overview

Shradha AI Technologies Limited is listed on both the Metropolitan Stock Exchange of India Limited (MSE) and the Bombay Stock Exchange (BSE). The company's total equity share capital consists of 60,952,420 shares with a face value of Rs. 2 each.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Vibrant Infotech has duly disclosed the details of this transaction to the company and relevant stock exchanges.

Upcoming Annual General Meeting

In related news, Shradha AI Technologies has announced that its 36th Annual General Meeting (AGM) for the financial year 2024-25 will be held on Friday, August 29, 2025, at 11:30 a.m. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) facilities, in line with current corporate practices.

This off-market transaction and the upcoming AGM highlight the ongoing corporate activities within Shradha AI Technologies, as the company continues to navigate the dynamic landscape of the AI technology sector.