Simandhar Impex Ltd

Simandhar Impex Limited has announced the closure of its trading window for dealing in the company's securities. This closure is effective immediately from June 27, 2026, and will remain in effect until 48 hours after the declaration of the Unaudited Financial Results for the quarter ending June 30, 2026. The trading window is being closed due to the upcoming board meeting on June 30, 2026, to consider the financial results and matters related to Key Managerial Personnel, which constitute Unpublished Price Sensitive Information (UPSI). Designated Persons and their immediate relatives are advised not to trade in the company's securities during this period.

Simandhar Impex Limited announced the resignation of Mr. Mehul Abhaykumar Shah as a Non-Executive, Non-Independent Director, effective June 6, 2026. The resignation was approved by the Board of Directors during a meeting held on the same date. Mr. Shah cited pre-occupation with other work as the reason for his departure, confirming there were no other material reasons. He also holds a directorship in Parshva Enterprises Limited.

Farmico International Private Limited has successfully acquired 74.64% of Simandhar Impex Ltd. by purchasing 22,81,615 equity shares. This acquisition, completed on May 21, 2026, triggers a change in management control. The appointment of Farmico's nominees, Mr. Lalit Naresh Nagdev and Mr. Amit Suresh Ninawe, as Additional Executive Directors on June 6, 2026, formalizes this control. Consequently, Farmico International and Mr. Chandraprakash Wadhwani are now classified as the Promoters of Simandhar Impex Ltd.

Simandhar Impex Limited announced the appointment of Mr. Lalit Nagdev and Mr. Amit Ninawe as Additional Executive Directors (Professional Category) effective June 06, 2026. The appointments were recommended by the Nomination and Remuneration Committee and approved by the Board of Directors, subject to shareholder approval. Both appointees are Chartered Accountants with extensive experience in finance, banking, audit, and regulatory compliance, bringing valuable expertise to the company's management.

Farmico International Private Limited has successfully completed the acquisition of 22,81,615 equity shares in Simandhar Impex Limited, representing 74.64% of the company's paid-up equity share capital. This acquisition, finalized on May 21, 2026, was executed under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and follows a prior Share Purchase Agreement and Open Offer. As a result, Farmico International Private Limited and Mr. Chandraprakash Wadhwani now hold substantial control and have become part of the Promoter and Promoter Group of Simandhar Impex Limited.

Simandhar Impex Ltd announced that its Board of Directors has taken note of the completion of a share purchase agreement where Farmico International Private Limited acquired 22,81,615 equity shares, representing 74.64% of the company's paid-up equity share capital at INR 30 per share. Consequently, Farmico International and Mr. Chandraprakash Wadhwani are now classified as the Promoter and Promoter Group. The Board also approved the appointment of Mr. Lalit Naresh Nagdev and Mr. Amit Suresh Ninawe as Additional Executive Directors, and recorded the resignation of Mr. Mehul Abhaykumar Shah.

Simandhar Impex Ltd. announced that its Promoter and Promoter group sold 2,281,615 equity shares, representing 74.64% of the total share capital, to Farmico International Private Limited. The transaction was executed via an off-market sale as per the Share Purchase Agreement dated January 14, 2026. Post-sale, the promoter group's holding stands at 0%. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Farmico International Private Limited acquired 22,81,615 equity shares of Simandhar Impex Limited, representing 74.64% of the total voting capital, on May 21, 2026, pursuant to a Share Purchase Agreement dated January 14, 2026. Before the acquisition, Farmico International held 0 shares. After the acquisition, Farmico International holds 74.64% of the voting rights.

Simandhar Impex Ltd's Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, in a meeting held on May 7, 2026. The board also approved the Auditors' Report issued by M/s Bohara Shah & Co. and a declaration regarding the unmodified opinion on the audited financial results. The meeting commenced at 01:30 p.m. and concluded at 02:15 p.m.

Simandhar Impex Ltd's Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, in a meeting held on May 7, 2026. The board also approved the Auditors' Report issued by M/s Bohara Shah & Co. and a declaration regarding the unmodified opinion on the audited standalone financial results. The meeting commenced at 01:30 p.m. and concluded at 02:15 p.m.