Intimation of receipt of requests applications from Promoters for reclassification under reg. 31A of SEBI (LODR) Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Three members of the promoter group — M. Lakshmi Madhu (500 shares, 0.01%), K. G. Madhusudhan (2,200 shares, 0.04%), and Vidya Rajesh (500 shares, 0.01%) — have written to the company asking to be moved from the 'Promoter' category to the 'Public' category. Together, they hold just 3,200 equity shares, about 0.06% of the company's share capital. In their letters, all three state they are not directors, not involved in the company's management, hold no special rights, and have no control over business decisions. They have also given the standard undertakings required under SEBI's Regulation 31A, including not being wilful defaulters or fugitive economic offenders. The company has informed the stock exchanges and will now process the reclassification as per SEBI rules.
This is a very minor housekeeping change — only 0.06% of the equity is shifting from promoter to public. No shares are being sold or transferred, so there is no material impact on shareholding, control, or stock price. Investors should simply note the reclassification; the company's promoter structure and control remain otherwise unchanged.