Uniroyal Industries Ltd has announced a significant leadership change with the resignation of Mrs. Rashmi Mahajan from her position as Whole Time Director. The company made this disclosure through a regulatory filing to BSE Limited, ensuring compliance with market disclosure requirements.

Director Resignation Details

The company informed BSE Limited on February 19, 2026, that Mrs. Rashmi Mahajan will step down from her dual role as Director and Whole Time Director effective March 1, 2026. The resignation filing was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The announcement was made in compliance with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing ensures appropriate dissemination of material information to stakeholders and maintains transparency in corporate governance practices.

Company Leadership

The resignation announcement was signed by Executive Director Akshil Mahajan, who holds DIN 00007598. The company operates under scrip code 521226 on BSE and maintains its registered and corporate office at 365, Phase II, Industrial Estate, Panchkula, Haryana.

Corporate Structure Impact

Mrs. Mahajan's departure represents a change in the company's executive leadership structure. Her resignation from both directorial positions will take effect simultaneously on March 1, 2026, as stated in the regulatory filing submitted to the stock exchange.

Uniroyal Industries Limited has completed a significant inter-se transfer of shares between promoters in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. The transaction, executed on February 18, 2026, involved the transfer of 37,53,575 equity shares from existing promoters to Akhil Mahajan through gift transactions from his parents.

Official Regulatory Documentation

The company submitted comprehensive regulatory filings to the Bombay Stock Exchange under multiple SEBI regulations. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Regulation 3 of SEBI (Prohibition of Insider Trading) Regulations 2015, and Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011.

Transfer Execution and Shareholding Transformation

The share transfer was completed through gift transactions where Akhil Mahajan acquired shares from his father Arvind Mahajan and mother Rashmi Mahajan, both part of the promoter group. The transaction resulted in a dramatic consolidation of shares, transforming Akhil Mahajan from a minor stakeholder to the majority promoter with no financial consideration involved.

Compliance and Exemption Details

The transaction falls under the exemption provisions of regulation 10(1)(a)(i) and 10(1)(a)(ii) of SEBI SAST regulations as it involves inter-se transfer between promoter group members and immediate relatives. The transfer being in the nature of gift required no financial consideration, and the aggregate holding of the promoter and promoter group remains unchanged.

Persons Acting in Concert

The regulatory filings identify the persons acting in concert with Akhil Mahajan, maintaining the overall promoter group structure. Other promoter holdings remain unchanged through this transaction, ensuring continuity in corporate governance.

This inter-se transfer represents a strategic consolidation within the promoter family, concentrating decision-making authority while maintaining full regulatory compliance. The transaction ensures continuity of promoter control and streamlines corporate governance processes within the organization.