As attached.
Awaiting price reaction for this filing.
BSE has approved India Radiators' application to reclassify three entities — Mrs. Seetha Chidambaram, Riviera Capital Consulting & Research Pvt Ltd, and Mr. Venkatachalam Chidambaram — from the promoter category to the public category under SEBI LODR Regulation 31A. Notably, all three outgoing promoters already held zero shares in the company, so there is no actual change in shareholding. The sole remaining promoter is Mercantile Ventures Limited, holding 3,48,622 shares (38.74%). Both promoter and public holding percentages remain unchanged before and after the reclassification.
This is largely a formal housekeeping exercise since the outgoing promoters already held no shares, so there is no material impact on shareholding pattern or stock price. It does, however, simplify the promoter group down to a single entity (Mercantile Ventures Limited at 38.74%), confirming no single promoter majority and bringing clarity to the public-vs-promoter classification.