Bodal Chemicals Limited has informed the Exchange regarding 'Intimation of approval received for re-classification of shareholders of Bodal Chemicals Limited ( the Company ) from Promoter and Promoter Group category to Public category, under Regulation 31A of SEBI Listing Regulations, 2015.'.
BODALCHEM · price
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Awaiting price reaction for this filing.
Bodal Chemicals has received approval from BSE and NSE to reclassify two members — Ramesh Prabodhchandra Patel (3,85,299 shares, 0.31%) and Ramesh Prabodhchandra Patel – HUF (24,390 shares, 0.02%) — from the 'Promoter and Promoter Group' category to the 'Public' category, under Regulation 31A of SEBI Listing Regulations. In total, just 4,09,689 shares (0.33% of equity) are being moved out of the promoter group. The reclassification follows the company's application dated May 30, 2025, and both exchanges have granted their no-objection letters on August 22, 2025.
This is a very minor, administrative change — the same shareholders will simply be classified as 'public' instead of 'promoter', and no shares are actually being sold. The 0.33% reduction in promoter group shareholding is too small to materially affect promoter control or have any meaningful impact on the stock price.