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  3. Dhyaani Tradeventtures Limited Receives Reclassification Request from Promoter Group Members Under SEBI Regulation 31A
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India IPO
  • 08 May 2026
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 Dhyaani Tradeventtures Limited Receives Reclassification Request from Promoter Group Members Under SEBI Regulation 31A

Dhyaani Tradeventtures Limited has received reclassification requests from two promoter group members, Nayankumar L. Rajyaguru and Ilaben Nayanbhai Rajyaguru, seeking to move from the 'Promoter Group' to the 'Public' category under SEBI Regulation 31A. Both individuals hold nil equity shares, representing 0.00% of the paid-up equity capital as on 07/05/2026, and have previously resigned as Directors of the Company. The reclassification is pending approval from the Board of Directors, shareholders, and BSE Limited.

Dhyaani Tradeventtures Limited Receives Reclassification Request from Promoter Group Members Under SEBI Regulation 31A

Dhyaani Tradeventtures Limited (formerly known as Dhyaani Tile & Marblez Limited) has intimated BSE Limited of formal reclassification requests received from two members of its promoter group. The requests, dated 7th May, 2026, were submitted under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, seeking a change in status from the 'Promoter Group' category to the 'Public' category. The company communicated this development to the stock exchange on 8th May, 2026.

Reclassification Request Details

The two individuals seeking reclassification are Nayankumar L. Rajyaguru and Ilaben Nayanbhai Rajyaguru, both currently classified under the Promoter Group. As per the details provided in the intimation, both individuals hold nil equity shares in the company as on 07/05/2026, representing 0.00% of the paid-up equity capital.

Sr. No. Name of Outgoing Promoter/Promoter Group Category No. of Shares Held (as on 07/05/2026) % of Paid-up Equity Capital 1. Nayankumar L. Rajyaguru Promoter Group Nil 0.00% 2. Ilaben Nayanbhai Rajyaguru Promoter Group Nil 0.00%

Rationale for Reclassification

In their formal request addressed to the Board of Directors, both individuals stated that they have previously resigned from their positions as Directors of the Company and have had no further involvement in its operations or governance. They further noted that they have not been involved in the day-to-day management, policy decisions, or any business activities of the Company for a significant period. Given that they hold no financial stake or voting rights, they stated that they do not exercise any form of control, directly or indirectly, over the Company's affairs.

Declaration and Undertaking by Outgoing Promoters

In accordance with Regulation 31A(3)(b) of the SEBI (LODR) Regulations, 2015, both individuals have provided the following declarations and undertakings:

They, along with Persons Acting in Concert (PAC), do not hold more than ten percent of the total voting rights in the Company.

They do not exercise control over the affairs of the Company, whether directly or indirectly.

They do not have any special rights with respect to the Company through any formal or informal arrangements, including shareholder agreements.

They are not represented on the Board of Directors (including as Nominee Directors) and do not act as Key Managerial Personnel (KMP) in the Company.

They are not classified as 'wilful defaulters' per RBI guidelines, nor are they 'fugitive economic offenders' under the Fugitive Economic Offenders Act, 2018.

There are no pending regulatory actions or investigations against them.

Both individuals have also undertaken to continue complying with the conditions mentioned in Regulation 31A(3)(b) at all times following the date of reclassification, and acknowledged that non-compliance would result in re-classification back to the Promoter Group.

Approval Process

The proposed reclassification is subject to approval from the Board of Directors and shareholders of Dhyaani Tradeventtures Limited, as well as BSE Limited. The Managing Director, Chintan Nayan Bhai Rajyaguru (DIN: 08091654), signed the intimation on behalf of the Company. The Board has been requested to take the matter on record at the upcoming Board Meeting, seek the necessary shareholder approval, and subsequently file the application with the relevant stock exchange(s).

Dhyaani Tradeventtures Limited has submitted its mandatory compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The company, formerly known as Dhyaani Tile & Marblez Limited, filed the certificate in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Details

The certificate submission covers rematerialization and dematerialization activities of the company's shares during the fourth quarter of FY26. This regulatory requirement ensures transparency in share transfer operations and maintains proper records of securities transactions.

Parameter: Details Regulation: SEBI Regulation 74(5) Quarter Covered: Ended March 31, 2026 BSE Scrip Code: 543516 Filing Date: April 04, 2026

Registrar and Transfer Agent Role

KFIN Technologies Limited, serving as the company's registrar and share transfer agent, issued the compliance certificate on April 01, 2026. The certificate confirms that all required details regarding securities dematerialized and rematerialized during the quarter have been properly furnished to stock exchanges where the company's shares are listed.

Sharmila Hemant Amin, Assistant Vice President at KFIN Technologies Limited, signed the certificate on behalf of the registrar. The certificate was addressed to National Securities Depository Limited (NSDL) as part of the standard compliance process.

Company Information

Dhyaani Tradeventtures Limited operates from its registered office located at Block-D, 101, Prahladnagar Trade Center, B/H Titanium City Center, Radio Mirchi Road, Prahladnagar, Ahmedabad, Gujarat. The company's Managing Director, Chintan Nayan Bhai Rajyaguru (DIN: 08091654), signed the submission letter to BSE Limited.

Compliance Significance

This quarterly submission represents standard regulatory compliance for listed companies in India. The certificate ensures that all share transfer activities during the quarter have been properly documented and reported to relevant authorities, maintaining transparency in the securities market and protecting investor interests.

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