The board at its meeting held on 17.04.2025 has considered and approved the request of reclassification from "promoter and promoter group" category to "Public" category shareholder in accordance ....
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The board of Bazel International Ltd, at its meeting on 17 April 2025, approved a request from Mr. Satya Bhushan, a member of the promoter and promoter group, seeking reclassification of his shareholding from the 'Promoter' category to 'Public' category under SEBI's Listing Regulations. Mr. Satya Bhushan holds 300 equity shares, representing just 0.01% of the company's paid-up equity share capital. He confirmed he is not on the board, holds no key managerial position, and does not participate in the company's management. Since his combined holding with related persons is below 1% of voting rights, shareholder approval was not required. The reclassification remains subject to approval from BSE Limited.
The impact is immaterial for shareholders — the exiting promoter holds only 0.01% of equity, so this does not meaningfully change the promoter shareholding or change control dynamics. It is a procedural housekeeping step.