Intimation of Receipt of Request for Reclassification from Promoter category to Public Category
Price
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Awaiting price reaction for this filing.
Four members of the promoter group — Mr. Sachin Jayprakash Jalan (6,500 shares, 0.31%), Ms. Shikha Jalan (6,500 shares, 0.31%), Mr. Piyushbhai Mahendrabhai Doshi (500 shares, 0.02%), and Mr. Siddharth Ajmera (500 shares, 0.02%) — have requested to be reclassified as public shareholders under SEBI LODR Regulation 31A. Together they hold 14,000 shares, about 0.66% of the company. They have stated they are not involved in the company's day-to-day operations, hold no board positions, and exercise no control. The reclassification still needs approval from the Board of Directors and BSE.
This is a formal category change rather than an actual sale of shares — the same individuals still own the shares, just moved out of the 'promoter' bucket. It will reduce the reported promoter-group shareholding slightly (by 0.66%), but is unlikely to affect the stock price meaningfully given how small the stake is.