Shri Gang Industries & Allied Products Ltd — Important, 07-05-2026: Company Update

Shri Gang Industries' Board has approved the reclassification of four individuals – Mr. Ajay Gupta, Mr. Shailesh Gupta, Mr. Siddharth Gupta, and Mr. Ramesh Gupta – from the 'Promoter & Promoter Group' to the 'Public' category. The Board's view is these individuals no longer control or manage the company, hold less than 10% voting rights, and are not directors or key managerial personnel. This move, which awaits stock exchange approval, clarifies the company's ownership structure and stakeholder landscape.