Bharatiya Global Infomedia Limited has informed the Exchange regarding 'Minutes'.
Awaiting price reaction for this filing.
The Board of Directors of Bharatiya Global Infomedia Limited, at its meeting held on 12th August 2025, approved the reclassification of Mr. Gaurav Bhatia from the 'Promoter and Promoter Group' category to the 'Public' category. The request was made by the shareholder himself under Regulation 31A of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The reclassification is subject to approval from BSE, NSE, and other relevant authorities. Upon receiving approvals, the change will be reflected in the shareholding pattern from the immediate succeeding quarter. Importantly, this is a reclassification and not a sale of shares, so Mr. Bhatia will continue to hold his shares, but they will be counted under the public shareholding bucket instead of the promoter bucket.
This move will reduce the company's reported promoter shareholding and increase its public shareholding percentage, but does not involve any actual transfer or sale of shares. Shareholders should watch for stock exchange approvals and the updated shareholding pattern in the next quarter to see the revised promoter holding figure.