Bhagiradha Chemicals & Industries Limited has informed the Exchange regarding 'Intimation of Receipt of No Objection from the Stock Exchanges for Reclassification from Promoter Group' category to 'Public' category'.
BHAGCHEM · price
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Awaiting price reaction for this filing.
Bhagiradha Chemicals & Industries Limited has received no-objection letters from both BSE and NSE for reclassifying three individuals from the 'Promoter Group' category to the 'Public' category under SEBI Regulation 31A. The three members are T Kalyan Chakravarthi (1,25,000 shares, 0.10%), Potini Vijaya Lakshmi (31,740 shares, 0.02%), and Ramalakshmi Tulasi Padmavathy Kolli (33,000 shares, 0.03%). Together, they hold about 1.89 lakh shares or roughly 0.15% of the company. The reclassification application was originally filed on May 29, 2025, and the exchanges approved it on August 7, 2025. No shares are being sold or transferred; this is purely a change in classification status.
The financial impact is minimal since the reclassification involves only about 0.15% of total shareholding. For shareholders, this is a routine procedural update and is unlikely to affect the stock price or the overall promoter control of the company.