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Awaiting price reaction for this filing.
The Board of Directors has approved the reclassification requests from three promoter group members: NILESH K JAIN (7,400 shares, 0.12%), MANISH M JAIN (3,800 shares, 0.06%), and KAMLESH K JAIN (10,100 shares, 0.16%). In total, 21,300 shares representing 0.34% of paid-up capital are being reclassified from Promoter to Public category. The board noted these individuals have not been associated with day-to-day business or management for a long period and do not exercise control over the company. The approvals are subject to BSE Limited and shareholder confirmation as per SEBI Listing Regulations.
This reclassification reduces the disclosed promoter group holding by 0.34%, with no change in actual share ownership. The filing is procedural, requiring exchange approval before the shareholding pattern is updated.