Arvind SmartSpaces Limited has informed the Exchange about General Updates
ARVSMART · price
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Awaiting price reaction for this filing.
Arvind SmartSpaces Limited has received no-objection letters from both BSE and NSE for reclassifying Mr. Samvegbhai Arvindbhai Lalbhai from the 'Promoter Group' category to the 'Public' category. The company's application for this reclassification was originally filed on 23rd May 2025 under Regulation 31A of SEBI's Listing Regulations. Both stock exchanges have approved the request on 15th July 2025. The company is now required to ensure compliance with subsequent material event disclosures related to this reclassification. No specific shareholding percentages were disclosed in this filing.
This reclassification reduces the official promoter group size but does not involve any change in actual shareholding. It is largely a regulatory/compliance event and is unlikely to have a material impact on the stock price, though it may slightly affect how the promoter group's stake is perceived by the market.