Svaraj Trading & Agencies Limited has filed an application with BSE Limited seeking no objection for reclassification of two shareholders from promoter and promoter group categories to public category. The company submitted the formal application on February 12, 2026, following board approval granted on February 10, 2026.

Board Approval and Application Details

The Board of Directors unanimously approved reclassification requests from two shareholders under Regulation 31A of SEBI Listing Regulations. The board meeting held on February 10, 2026, analyzed that both applicants met the prescribed conditions for reclassification.

Shankar Das Vairagi, currently classified as a promoter, holds no equity shares in the company. Mukesh Vaishnav holds 4,36,660 equity shares representing 2.96% of the company's total shareholding under the promoter group category.

Regulatory Compliance and Documentation

The company has submitted formal intimation to BSE Limited pursuant to Regulation 31A of SEBI Listing Regulations. Both shareholders provided comprehensive declarations confirming compliance with regulatory conditions including voting rights limitations, absence of control mechanisms, and no board representation.

Application Process and Next Steps

The reclassification application was filed with BSE Limited on February 12, 2026, in continuation of earlier intimations dated February 07, 2026, and February 10, 2026. The application seeks BSE's no objection for the proposed reclassification from promoter and promoter group categories to public category.

Company Secretary & Compliance Officer Vandana Ramesh Joshi has been authorized to handle necessary documentation and submissions to BSE Limited. The reclassification remains subject to BSE's no objection and subsequent shareholder approval as per regulatory requirements.

Svaraj trading & agencies Limited announced significant changes to its board composition during a meeting held on February 10, 2026. The company appointed two new Independent Directors while two existing Independent Directors completed their tenure, marking a strategic transition in board leadership.

New Independent Director Appointments

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, approved the appointment of two new Independent Directors:

Director Profiles and Experience

Both newly appointed directors bring substantial professional experience to the board. Mrs. Jyotsana Vishnu Joshi is an Arts graduate with more than ten years of diverse experience in the field of education and related activities. Mrs. Urvashi Tilkesh Sharma holds a Bachelor's degree in Commerce and has over 15 years of rich experience in the field of Management and Administration.

The company confirmed that both appointees are not debarred from holding directorship positions by any SEBI order or other regulatory authority. Additionally, neither director is related to any existing directors of the company.

Cessation of Existing Independent Directors

Simultaneously, two Independent Directors completed their tenure:

Both departing directors held significant committee positions across multiple listed entities, including chairperson and member roles in Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee in both S. V. Trading & Agencies Limited and Svaraj Trading and Agencies Limited.

Meeting Details and Compliance

The board meeting commenced at 02:00 p.m. and concluded at 03:45 p.m. on February 10, 2026. The company filed the necessary disclosures under Regulation 30 of the SEBI Listing Regulations, in compliance with SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/II/3762/2026 dated January 30, 2026.

The appointments are subject to approval by the company's members pursuant to Regulation 17(1C) of the SEBI Listing Regulations. All relevant information has been made available on the company's website at www.svarajtrading.in .