India IPO SEBI DRHP Activity Filings — October 22, 2026

Board approved a draft Postal Ballot Notice seeking shareholder approval to alter the objects of IPO proceeds, a governance event that could signal a change in planned capital deployment

CFO transition disclosed under Regulation 30 with Mr. Shubham Pravinbhai Sagpariya appointed in place of Ms. Dhara Jatin Vekariya; no compensation or ownership details disclosed to assess conviction

Proposed alteration of IPO fund objects may indicate deviation from the original offer document use-of-proceeds plan; the filing does not quantify the amounts reallocated

CFO resigned effective 22 October 2026, the same day as the board meeting, with no reason disclosed in the summary; abrupt CFO exits warrant monitoring of financial reporting continuity

The IPO fund-objects change is contingent on postal ballot approval, and the outcome is not yet known, creating execution uncertainty for the reallocated capital

Result of the shareholder vote on IPO fund-objects alteration is a near-term event; a clean approval could clarify the company's revised capital plan

Post-listing changes to the objects of IPO proceeds, as seen in Jivial Industries, are a governance theme worth tracking across the India IPO pipeline; with only one filing in this stream, a broader pattern cannot be confirmed

Shareholder vote on the alteration of IPO fund objects; scrutinizer appointed, outcome pending; date of ballot closure not stated in the filing

Mr. Shubham Pravinbhai Sagpariya's first filings and any clarification of Ms. Vekariya's resignation reasons, effective 22 October 2026

Revised utilization report and the specific amounts to be reallocated once the postal ballot notice is circulated