Hari Govind International Receives Promoter Reclassification Requests Under SEBI Regulation 31A

Hari Govind International Limited has informed BSE Limited about receiving reclassification requests from two promoter group members who seek to transition from "Promoter/Promoter Group Category" to "Public Category" under Regulation 31A(10) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Reclassification Requests Details The company received requests from the following promoter group members on February 14, 2026: Applicant Current Shareholding Percentage of Equity Jugal Kishore Maniyar (HUF) Nil shares 0% Mrs. Sunita Maniyar 7,50,000 equity shares 8.80% Background of Share Transfer The reclassification requests stem from a Share Purchase Agreement executed on May 14, 2025, between the promoter group members and new acquirers Mr. Shaju Thomas and Ms. Linta Purayidathil Jose. Under this agreement, significant share transfers took place as part of the subsequent open offer process. Jugal Kishore Maniyar (HUF) transferred a total of 18,75,000 equity shares, distributing 13,75,000 shares to Mr. Shaju Thomas and 5,00,000 shares to Ms. Linta Purayidathil Jose. Following these transfers, Jugal Kishore Maniyar (HUF) holds no equity shares in the company. Mrs. Sunita Maniyar transferred 11,25,000 equity shares to Mr. Shaju Thomas while retaining 7,50,000 equity shares, which constitute 8.80% of the company's total equity share capital. Regulatory Compliance and Resignations Both applicants have fulfilled the regulatory requirements for reclassification by resigning from their director positions effective February 14, 2026. Jugal Kishore Maniyar resigned from his role as Whole-time Director, while Mrs. Sunita Maniyar stepped down from her position as Director. The applicants have provided comprehensive undertakings confirming they: Do not exercise control over company affairs directly or indirectly Have no special rights regarding the company through formal or informal arrangements Are not represented on the Board of Directors Are not acting as Key Managerial Personnel Are not willful defaulters per Reserve Bank of India guidelines Have not been categorized as fugitive economic offenders Compliance Framework The reclassification requests comply with Regulation 31A of the SEBI Listing Regulations, which governs the transition of promoter group members to public category status. Both applicants have committed to maintaining compliance with specified conditions for a minimum period of three years from the reclassification date. The company has submitted copies of the reclassification request letters to BSE Limited for record-keeping purposes. Managing Director Shaju Thomas, bearing DIN 06412983, signed the intimation letter on behalf of Hari Govind International Limited. Hari Govind International Limited has announced a significant leadership change with the appointment of Mr. Shaju Thomas as Chairman & Managing Director for a five-year term. The appointment was approved by the Board of Directors at their meeting held on February 7, 2026, marking a new chapter in the company's management structure. Board Approval and Regulatory Compliance The Board of Directors approved the appointment based on recommendations from the Nomination and Remuneration Committee. The decision is subject to ratification by the company members at the ensuing General Meeting. The board meeting commenced at 05.00 p.m. and concluded at 06:10 p.m. on February 7, 2026. Parameter: Details Appointee: Mr. Shaju Thomas (DIN: 06412983) Position: Chairman & Managing Director Term Duration: 5 years Effective Date: February 7, 2026 Reason: Takeover and change in management Leadership Background and Experience Mr. Shaju Thomas brings extensive experience to his new role as Chairman and Managing Director of Popees Group, a leading kidswear brand recognized for quality, hygiene, and child-friendly design. With over 20 years of involvement in the children's apparel industry, he has been instrumental in transforming the kidswear landscape in Kerala and beyond. Originally trained in journalism and marketing with a Post Graduate Diploma in both fields, Thomas combines deep communication understanding with strong market insight. His early exposure to the children's garment sector revealed widespread unhygienic manufacturing conditions, motivating him to launch Popees as a safe, ethical, and quality-driven alternative for children's clothing. Additional Responsibilities and Vision Beyond his corporate leadership role, Mr. Thomas serves as editor and promoter of Our Kids magazine, published by Our Kids Media. This involvement reflects his enduring commitment to child-focused initiatives and demonstrates his multifaceted approach to the industry. Corporate Governance and Relationships As part of regulatory disclosure requirements, the company has revealed that Mr. Shaju Thomas (Managing Director) and Mrs. Linta Purayidathil Jose (Non-Executive Director) are related as husband and wife. The company has confirmed that Mr. Thomas is not debarred from holding the office of Director by virtue of any SEBI Order or any other authority. The appointment represents a strategic move following the company's takeover and subsequent change in control and management, positioning Hari Govind International Limited for its next phase of growth under experienced leadership. 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