3i Infotech Limited has informed regarding Disclosure of material issue
3IINFOLTD · price
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3i Infotech's Board has reviewed an application from ICICI Strategic Investment Fund, currently classified as a Promoter, seeking to be reclassified as a Public shareholder under SEBI's Regulation 31A. The Board found the application compliant and has decided to proceed, with the Company set to apply to BSE and NSE for approval by August 5, 2025. The Board meeting was held on July 31, 2025. Final approval remains subject to stock exchange and regulatory permissions.
If approved, the promoter group shareholding in 3i Infotech will decrease, which may be viewed as a dilution of promoter control. Shareholders should track the reclassification outcome as it affects the promoter versus public shareholding composition of the company.