Intimation of approval received from Stock Exchange
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Awaiting price reaction for this filing.
BSE has approved Crestchem Ltd's application (filed on January 29, 2025) to reclassify 15 members of the Promoter and Promoter Group as Public shareholders, effective from May 19, 2025. Together, these members hold 85,473 shares, representing 2.84% of the company's share capital. As a result, the promoter group's stake will decline from 9,66,455 shares (32.22%) to 8,80,982 shares (29.38%), while the public shareholding will rise from 20,33,545 shares (67.78%) to 21,19,018 shares (70.62%). The reclassification is being carried out under Regulation 31A of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. No shares have been sold — these individuals are simply being moved from the promoter category to the public category.
This is largely a bookkeeping change with no direct effect on stock price or company operations. Promoter control remains intact at nearly 29%, and the floating public shareholding only rises modestly to about 70.6%, which may marginally improve liquidity over time.