Sanathnagar Enterprises Ltd

AGM Details

• Date and mode: 30 September 2026 at 11:30 a.m. IST via VC/OAVM.
• Cut-off date for voting eligibility: 23 September 2026.
• Remote e-voting period: 27 Sep 2026, 9:00 a.m. to 29 Sep 2026, 5:00 p.m.

Reclassification approval

• BSE approved reclassification of N.P.S. Shinh, Manita Shinh, and Continuous Forms (Calcutta) Ltd to Public.
• No-objection for the reclassification granted by the exchange on 12 August 2026 under Regulation 31A LODR.
• This follows the July 15, 2026 intimation and application under Regulation 31A.
• Company to make subsequent material disclosures as required under Regulation 31A.

Promoter reclassification filing

• Filed July 15, 2026 with BSE to reclassify promoters from promoter group to Public under Regulation 31A.

Reclassification to Public Category

• Board approves promoter group reclassification to Public for 2.28% aggregate shareholding.
• Subject to BSE NOC and shareholders' ordinary resolution approvals.
• Outgoing promoters collectively hold 2.28% of paid-up equity.
• Shinh family holds 0.47% and Manita Shinh 0.10%; Continuous Forms 1.71%.
• Board to seek NOC from BSE and obtain shareholders' approval.
• Company to ensure post-reclassification minimum public shareholding compliance under Regulation 38.
• Authorized officers to take all steps and file with stock exchanges.
• Outgoing promoters confirm no board representation or KMP roles post-reclassification.
• No pending regulatory action against outgoing promoters.
• Board minutes reflect approval; no conflicts of interest disclosed.

CEO appointment

• Appointment of Mr. Vikas Jain as Chief Executive Officer, effective July 14, 2026.
• Professional profile: Chartered Accountant with 19+ years in retail credit, mortgages, and lending.
• Previous roles include Co-Head Debt Finance at Lodha Group since 2013.

Independent Director re-appointments

• Ritika Bhalla re-appointed Independent Director for second 5-year term (2027–2032), effective 22 Jul 2027, subject to member approval.
• Jinesh Shah re-appointed Independent Director for second 5-year term (2027–2032), effective 22 Jul 2027, subject to member approval.
• Profiles: Ritika Bhalla—corporate law compliance; Jinesh Shah—CA, corporate taxation and audits.
• Not related to other directors; not debarred by SEBI or authorities.

Financial results and audit

• Unaudited quarterly results for quarter ended 30-Jun-2026 approved with unmodified Limited Review.
• Limited Review Report by MSKA & Associates LLP carries unmodified opinion.

Governance and management changes

• Re-appointment of Ritika Bhalla as Independent Director for a second 5-year term, 2027–2032, subject to members' approval.
• Re-appointment of Jinesh Shah as Independent Director for a second 5-year term, 2027–2032, subject to members' approval.
• Appointment of Mr. Vikas Jain as Chief Executive Officer, effective 14-Jul-2026.

Dematerialisation status

• Dematerialisation requests were processed and confirmed to Depositories by the RTA.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification, with the depository's name substituted as registered owner.