Transpek Industry Limited has announced the resignation of its Whole-time Director Shri Avtar Singh, who will step down from his position effective March 31, 2026. The company informed BSE Limited about this significant board change through a regulatory filing dated January 20, 2026.

Director Resignation Details

Shri Avtar Singh, who holds DIN 00063569 and serves as Joint Managing Director, submitted his resignation letter on January 20, 2026. The resignation will become effective at the close of business hours on March 31, 2026, providing the company with adequate transition time.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Transpek Industry Limited has assured compliance with all regulatory requirements related to the resignation process.

In accordance with Clause 7C of Part A of Schedule III of the SEBI LODR Regulations, the company will submit the formal resignation letter of Shri Avtar Singh along with any other required disclosures within the prescribed timelines. This demonstrates the company's commitment to maintaining transparency and regulatory compliance.

Company Leadership

The regulatory filing was signed by Bimal V. Mehta, Managing Director of Transpek Industry Limited, who holds DIN 00081171. The communication was addressed to BSE Limited at P.J. Towers, Dalal Street, Fort, Mumbai, referencing the company's scrip code 506687.

Transpek Industry Limited, incorporated in 1965 with Company Identification Number L23205GJ1965PLC001343, operates from its works located at Ekalbara, Taluka Padra, District Vadodara, Gujarat. The resignation represents a significant change in the company's leadership structure as Singh departs from his role as Joint Managing Director.

Transpek Industry promoter Shruti Atul Shroff has successfully completed the divestment of her entire equity stake in the company through an internal restructuring transaction. The transaction involved selling 307,225 equity shares to fellow promoter Ashwin C. Shroff on December 24, 2025, representing 5.50% of the company's total share capital.

Official Regulatory Disclosure

The transaction was formally disclosed through a regulatory filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to BSE Limited for scrip code 506687 with ISIN code INE687A01016, maintaining full transparency requirements for substantial shareholding changes. The filing was made by Shruti A. Shroff on December 24, 2025, to the Company Secretary of Transpek Industry Limited.

Transaction Execution

The share divestment was completed on December 24, 2025, as planned, and falls under the provisions of Regulation 10(1)(a)(ii) of SEBI (Acquisition of Shares and Takeovers) Regulations, 2011. This regulation exempted the transaction from requiring an open offer to minority shareholders due to the internal restructuring nature among promoters. The transaction was executed at ₹1,277.00 per share through open market block deal mechanism.

Updated Shareholding Pattern

The completed transaction has resulted in significant changes to the promoter shareholding structure. Shruti Atul Shroff has completely divested her stake, reducing her holding from 307,225 shares (5.50%) to nil. Meanwhile, Ashwin C. Shroff's holding has increased from 293,322 shares (5.25%) to 600,547 shares, now constituting 10.75% of the total share capital.

Company Overview

Transpek Industry Limited operates in the chemicals sector and is classified as a small-cap company with a market capitalization of ₹708.14 crores. The company's shares are listed on BSE Limited under scrip code 506687 with ISIN code INE687A01016. The total issued share capital comprises 55,85,569 equity shares, with the promoter group maintaining a significant stake in the business.