Aksh Optifibre Limited has informed the Exchange regarding the Board Approval of Reclassification request from Promoter Group to Public
AKSHOPTFBR · price
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The Board of Directors of Aksh Optifibre Limited has approved a request to reclassify Ms. Seema Choudhari, a member of the Promoter Group, from the 'Promoter Group' category to the 'Public' category under Regulation 31A of SEBI LODR Regulations. She holds 60,24,583 shares, representing 3.70% of the company's share capital. This follows up on an earlier intimation about the receipt of the reclassification application. The Board meeting was held on May 22, 2025, from 2:30 PM to 7:30 PM.
After this reclassification, the promoter group's effective holding in the company reduces by 3.70%, while the public shareholding increases correspondingly. This typically reflects a change in the nature of shareholding rather than an actual transaction, and is unlikely to have a direct material impact on the stock price.