1. To consider and take note of the request received from the Promoter(s) for reclassification from the Promoter category to the public category under Regulation 31A of the SEBI (LODR) ....
Awaiting price reaction for this filing.
Omega Interactive Technologies' Board approved a request from promoter Mr. Jayesh Amratlal Shah for reclassification from Promoter to Public category. The promoter holds 62,74,730 shares representing 7.94% of the company. The Board decided to submit an application to BSE for No Objection Certificate for this reclassification. The promoter has confirmed compliance with conditions including not holding more than 10% voting rights, not exercising control, and not being a willful defaulter or fugitive economic offender. An Extra-Ordinary General Meeting is scheduled for June 26, 2026 to seek shareholder approval for this change.
This reclassification reduces the promoter's formal influence over the company, as they will no longer be classified as part of the promoter group. The stock may see neutral to slightly positive impact as it signals increased public shareholding and compliance with regulatory requirements.