Company has received request for seeking reclassification of promoters from Promoters /Promoters Group to Public category
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Multiple entities classified as Promoter/Promoter Group have submitted requests to be reclassified as Public Shareholders under SEBI Regulation 31A. The applicants include Mrs. Veena Dalal (466 shares, 0.02%), Mr. Satyen Dalal (930 shares, 0.03%), Mr. Milan Dalal (0 shares), CIFCO Limited (2,030 shares, 0.07%), Tropical Securities and Investments Pvt Ltd (0 shares), Harbinger Trading Company Pvt Ltd (0 shares), and Pursarth Trading Company Pvt Ltd (0 shares). Together they hold only 3,426 shares representing approximately 0.12% of the company. The applicants have confirmed they do not exercise control, have no special rights, are not on the board, and do not act in concert with other promoters. This is a request for reclassification only and does not indicate actual share sales.
The total promoter holding seeking reclassification is minimal at 0.12%, so the direct impact on stock price is likely negligible. However, if approved, it would reduce the disclosed promoter holding in the company.