Bhogilal Industries is seeking shareholder approval to allot 19,31,699 shares to Mr. Nirmal Bhogilal, a promoter group member, in exchange for settling an existing loan, increasing his stake from 29.75% to 32.51% of the company’s outstanding shares. The allotment, detailed in a notice for the upcoming Annual General Meeting, will not trigger a change in control and will be subject to SEBI lock-in regulations, with a valuation report from CA Harsh Chandrakant Ruparelia used to determine the share price. Additionally, the company plans to appoint Mr. Shankaran Rajaram Vignesh as an additional independent director for a five-year term, beginning October 7, 2026. The company confirmed that neither it nor its promoters are classified as wilful defaulters or fugitive economic offenders, and the share allotment is being reviewed under SEBI’s Substantial Acquisition of Shares and Takeovers regulations.</p>