Aksh Optifibre Limited has informed the Exchange about Intimation of Request of Reclassification of Promoter Group to Public
AKSHOPTFBR · price
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Aksh Optifibre Limited received a request from Ms. Seema Choudhari, a promoter group member, to reclassify her status from 'Promoter Group' to 'Public' under SEBI Regulation 31A. She holds 60,24,583 equity shares (3.70% of paid-up capital), and along with related persons, 63,25,583 shares (3.89%). Her earlier promoter group status was due to her being the spouse of promoter Dr. Kailash Shantilal Choudhari, but they divorced per a Family Court order dated April 25, 2024. She has confirmed no remaining connection with the promoter or control over the company's affairs. The Board of Directors reviewed and approved the request on May 22, 2025.
This reclassification reduces the promoter group shareholding by 3.70%, shifting those shares into the public category. It does not involve any share sale and is unlikely to materially affect the stock price, though it slightly increases the public float and may marginally improve liquidity.