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Awaiting price reaction for this filing.
Mrs. Snehlata Madanmohan Vyas, currently classified as a Promoter of Banganga Paper Industries Limited, has submitted a request letter dated 25 November 2025 seeking reclassification of her shareholding from the 'Promoter/Promoter Group' category to the 'Public' category under Regulation 31A of SEBI (LODR) Regulations, 2015. She has stated that she no longer exercises control over the company's affairs, does not hold more than 10% of voting rights (along with persons acting in concert), has no special rights through any formal or informal arrangements, is not on the Board, and is not a KMP. The company will evaluate the request and take necessary steps, including filing an application with BSE for approval.
If the reclassification is approved by BSE, the promoter group's shareholding in the company will reduce and the public category shareholding will correspondingly increase, potentially diluting promoter influence. The request is still pending evaluation and stock exchange approval, so there is no immediate impact on shareholding structure or stock price.