Pursuant to Regulation 31A of SEBI Listing Regulation, 2015 this is to inform you that further to the application submitted by Amarnath Securities Limited (company) on 27th February 2025 ....
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BSE has approved Amarnath Securities' application to reclassify Dr. Omkar Herlekar from the 'Promoter' category to the 'Public' category under SEBI's Regulation 31A. The company had originally submitted the reclassification request on 27th February 2025, and BSE granted its no-objection on 22nd September 2025. Separately, BSE also issued a warning letter to the company for delaying the disclosure of the original application — the company submitted the application in February but only disclosed it to the exchange on 3rd September 2025, well past the 24-hour requirement under Regulation 31A(8)(c). The company has been advised to exercise caution and implement corrective measures to avoid future lapses.
The reclassification reduces the promoter group's headcount but does not involve any change in actual shareholding — Dr. Herlekar's shares simply move from the 'promoter' tally to the 'public' tally, which may slightly lower the reported promoter shareholding percentage. The BSE warning letter is a compliance flag but not a penalty; however, it signals governance weakness that retail investors should note.