This is in continuation to our disclosure(s) dated January 16, 2025 and January 17, 2025 with respect to receipt of request of Dr Omkar Herlekar for Reclassification from promoter category ....
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Awaiting price reaction for this filing.
Amarnath Securities has informed BSE that it submitted an application on February 27, 2025, seeking approval for the reclassification of Dr. Omkar Herlekar from the 'promoter' category to the 'public' category. This is a follow-up to earlier disclosures made on January 16 and January 17, 2025, when the company received the reclassification request and the Board approved it. The filing is made under Regulation 31A(8)(C) of SEBI LODR Regulations. No mention is made of the BSE's decision on the application or any timeline for the same.
This is largely a procedural update and is unlikely to move the stock price. However, if approved, it would reduce the formal promoter group, which may change how the shareholding is classified and could marginally affect the promoter holding percentage visible to investors.