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Awaiting price reaction for this filing.
Three individuals currently classified as promoters of Ajwa Fun World & Resort Ltd — Nilesh K Jain (7,400 shares, 0.12%), Kamlesh L (around 10,100 shares, 0.16%), and Manish M Jain (2,800 shares, 0.067%) — have formally requested to be reclassified from the 'Promoter and Promoter Group' category to the 'Public' category. Each applicant has stated they hold an insignificant stake, are not involved in the company's operations or board, and do not exercise any control over business decisions. The request was made under SEBI's Regulation 31A and is now pending review by the company's Board of Directors and approval from BSE. Importantly, this is a reclassification request only — no shares are being bought or sold, and beneficial ownership is not changing. The total stake being reclassified is very small, well under 1% of paid-up capital combined.
Negligible impact on shareholding structure or stock price, as the reclassification involves only a tiny fraction of shares. Promoter group holding will technically reduce slightly while public float rises marginally, but the change is administrative rather than a real change in ownership or control.