Vilin Bio Med reclassifies outgoing promoter to public

Vilin Bio Med Limited has completed the reclassification of its outgoing promoter to the public category. This action follows the successful conclusion of an open offer for the acquisition of 26% of the voting share capital, which finalized on September 15, 2025. The management and control of the company have subsequently been transferred to the new acquirer(s), who have been classified as the new promoter(s).

The reclassification utilizes the exemption provided under Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Devireddy Srinivas Reddy, the outgoing promoter, satisfies all necessary conditions specified in the regulation for this change in status.

Details of Reclassification

The outgoing promoter has ceased to exercise control over the affairs of the company and does not hold any special rights. The certification confirms compliance with specific regulatory requirements regarding shareholding and governance.

Name of the Outgoing Promoter Number of Equity Shares Held % of Total Voting Capital Mr. Devireddy Srinivas Reddy 4,45,425 3.19

Regulatory Compliance

The company certified that the outgoing promoter does not hold more than 10% of the total voting rights and is not represented on the Board of Directors. Additionally, the individual shall not act as a Key Managerial Person for a period of three years from the date of reclassification. The confirmation also states that the promoter is not a wilful defaulter or a fugitive economic offender as per relevant guidelines.

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