Universal Starch Chem Allied Limited has informed BSE Limited about receiving a formal request for shareholding reclassification from promoter group to public category. The company made this disclosure on February 6, 2026, in compliance with Regulation 30 read with Regulation 31A(8) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reclassification Request Details

The request has been submitted by Jayendrasinh K. Desai, who currently holds shares under the promoter group category. The following table summarizes the reclassification request:

Rationale for Reclassification

In his application dated February 2, 2026, Desai stated that he does not reside in India and has no involvement, direct or indirect, in the management, operations, or day-to-day affairs of the company. He emphasized that his holding in the company is solely in the capacity of a shareholder without any managerial role or control.

Regulatory Compliance Confirmations

Desai has provided comprehensive confirmations in compliance with Regulation 31A of SEBI LODR Regulations, including:

• Does not hold more than 10% of total voting rights along with related persons
• Does not exercise control over company affairs directly or indirectly
• Has no special rights through formal or informal arrangements
• Not represented on the Board of Directors and not a Key Managerial Person
• Not classified as a wilful defaulter per RBI guidelines
• Not a fugitive economic offender

Approval Process

The company has confirmed that the reclassification request will be considered by the Board of Directors. The approval process is subject to stock exchange consent under Regulation 31A of SEBI (LODR) Regulations, 2015. Universal Starch Chem Allied Limited will take appropriate steps in accordance with the regulatory requirements and has made the information available on its website at www.universalstarch.com .

Regulatory Framework

The reclassification falls under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which provides a framework for promoters and promoter group members to seek reclassification to public category under specific conditions. The applicant must continue to comply with prescribed conditions for at least three years from the date of reclassification to maintain the public shareholder status.

Universal Starch Chem , a leading manufacturer of maize products, has reported a significant turnaround in its financial performance for the second quarter. The company's unaudited financial results, approved by the Board of Directors on November 10, 2025, reveal a return to profitability despite a decline in revenue.

Key Financial Highlights

Quarterly Performance Analysis

Universal Starch-Chem reported a net profit of Rs 76.46 lacs for the quarter ended September 30, 2025, marking a substantial improvement from the previous quarter's loss of Rs 250.60 lacs and the Rs 821.78 lacs loss in the same quarter last year. This turnaround in profitability comes despite a decrease in revenue from operations, which stood at Rs 9,713.69 lacs, down from Rs 12,144.19 lacs in the previous quarter but slightly up from Rs 9,093.12 lacs in the corresponding quarter last year.

Half-Yearly Results

For the half-year period ended September 30, 2025, the company reported a reduced net loss of Rs 174.15 lacs, a significant improvement compared to the Rs 675.33 lacs loss in the same period of the previous year. This improvement in the bottom line was achieved despite a marginal decline in revenue from operations, which decreased from Rs 22,419.87 lacs in H1 FY2025 to Rs 21,857.88 lacs in H1 FY2026.

Earnings Per Share

The company's earnings per share (EPS) for Q2 FY2026 improved to Rs 1.82, a notable recovery from the negative Rs 5.97 in the previous quarter and negative Rs 19.57 in the same quarter last year. The half-yearly EPS also showed improvement, standing at negative Rs 4.15 compared to negative Rs 16.08 in the previous year's corresponding period.

Operational Focus

Universal Starch-Chem continues to focus primarily on the manufacturing of maize products. The company's financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and comply with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The management's efforts to streamline operations and improve efficiency appear to be yielding results, as evidenced by the return to profitability in Q2 despite challenging market conditions. However, the company will need to address the decline in revenue to ensure sustainable growth in the coming quarters.