Shekhawati Industries Ltd

Overview

• Target: Shekhawati Industries Limited.
• Acquirer: SKI Realtech Private Limited (Promoter Group).
• Transaction type: Acquisition of voting rights in shares.
• Pre-Transaction Holding: SKI Realtech Private Limited held 2,100,000 shares (6.09%).
• Transaction Details: Acquired 506,587 shares (1.46%) on market.
• Post-Transaction Holding: SKI Realtech Private Limited held 2,606,587 shares (7.56%).
• Date of Transaction: 23 September 2026.
• Capital context: Before/after – 3,44,70,000 equity shares (Rs 34,47,00,000).
• Total diluted capital after: 3,44,70,000 shares.

Target and business

• Target: Shekhawati New Energy LLP, mega solar/green energy, India presence.

Related-party status

• Investment qualifies as related-party, directors common; arm's length.

Rationale

• Aim to create operational synergy and expertise to improve project execution.

Deal terms

• Form: cash consideration; target acquisition up to 69% stake.

Size and background

• Size: not disclosed; background: renewable energy focus, India-based.

Regulatory and timing

• Regulatory approvals: not applicable; completion after incorporation of Shekhawati New Energy LLP.

Target background

• Proposed LLP to develop, generate, and manage solar and green energy projects.

Reclassification of Altius Buildcon to Public

• Application filed Sep 17, 2026 at 5:50 PM with BSE/NSE for Altius Buildcon's reclassification to Public.
• Reclassification sought under Regulation 31A of SEBI LODR Regulations 2015.
• No current disclosure of approval status or shareholding impact included.
• CFO Meena Ashish Agal signed the communication; company name update.

Promoter reclassification

• Board approved reclassifying Altius Buildcon Private Limited from Promoter to Public, subject to exchange approval.

Executive Director appointment

• Appointed Shrey Ruia as Executive Director (Additional Director) for 5-year term from 15 Sep 2026.
• Professional profile: textile manufacturing leader with operations and strategic growth experience.
• Subject to shareholders' approval.
• Relationship: Ruia is a relative of Chairman and Managing Director.

Cessation of Whole-Time Director

• Cessation: Ravi Sanjay Jogi ceases as Whole Time Director, effective 15 Sep 2026.
• Reason: personal considerations.

Promoter reclassification to Public

• Board approved reclassification of Altius Buildcon Private Limited from Promoter to Public, subject to exchange approval.
• Outgoing promoter holds 5 shares (0.00%) as of the date of request.

Executive Director appointment

• Mr. Shrey Mukesh Ruia appointed Executive Director (Additional Director) for five years, effective 15 September 2026.
• Appointment is subject to shareholders' approval.

Cessation of Whole-Time Director

• Ravi Sanjay Jogi ceased as Whole-Time Director with effect 15 September 2026.
• Board placed on record appreciation for his contributions.

Target entity

• Incorporated: Shekhawati Realty Development LLP; Real Estate and Construction, India.

Transaction scope

• Investment up to 70% stake; cash consideration.
• Related party transaction; common directors.

Strategic rationale

• Aims to create operational synergies; enhance project execution and quality.

Regulatory & approvals

• Approvals: Not applicable.

Timeline

• Timeline: post LLP incorporation.

Consideration & price

• Form: cash; price not disclosed.
• Total investment: up to 70% stake.

Background

• Background: planning, design, execution-focused development LLP.
• Incorporation date not disclosed; turnover history not disclosed.
• Presence: India; focus on development projects.

Re-classification request

• Request received 10 Sep 2026 from Altius Buildcon to re-classify from Promoter Group to Public.
• Altius Buildcon holds 5 equity shares (0.00%) and attests no other association with the company.
• The Board will consider the request at the next meeting or within two months.
• Post-consideration, the company will apply to exchanges for no-objection within five days.
• Intimation is in compliance with SEBI LODR Regulations 2015.
• Promoter group status and potential impact on public float not quantified in filing.