Shri Gang Industries: Promoter Reclassification Approved

The Board of Directors of Shri Gang Industries & Allied Products Ltd approved the reclassification requests from Mr. Ajay Gupta, Mr. Shailesh Gupta, Mr. Siddharth Gupta, and Mr. Ramesh Gupta from the "Promoter & Promoter Group" category to the "Public" category. This decision, made on May 07, 2026, is subject to stock exchange approval. The board noted that the outgoing promoters do not have control over the company's management, hold less than 10% voting rights, and are not willful defaulters or fugitive economic offenders. The company complies with minimum public shareholding requirements.