The stock exchange has approved the reclassification of RHC Group Shareholders i.e. some of the earlier Promoter/Promoter Group members from Promoter/Promoter Group Category to Public ....
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BSE has approved the reclassification of five individuals — Rajkumar Chordia, Madhubala Chordia, Vishal Chordia, Shweta Chordia, and Anand Chordia — from the Promoter/Promoter Group category to the Public category under SEBI Regulation 31A. All five outgoing promoters currently hold 0 shares, so the reclassification is purely administrative and does not change actual shareholding numbers. Post-reclassification, promoter holding stands at 11,13,836 shares (27.65%) and public holding at 29,14,416 shares (72.35%) of the company's 40,28,252 total equity shares. Separately, BSE also issued a warning letter for delayed disclosure: the company submitted the reclassification application on October 23, 2023, but disclosed it to the exchange only on February 28, 2024, violating the 24-hour disclosure norm.
This is a technical reclassification with no real impact on shareholding or stock price, since the outgoing promoters already hold zero shares. The warning letter for delayed disclosure is a minor compliance lapse but unlikely to materially affect shareholders. Promoter holding remains well below the 50% mark at 27.65%.