With Reference to application made on 29 October, 2024 by company, regarding the reclassification of shareholder from Promoter and Promoter Group category to Public category. We Would like ....
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Awaiting price reaction for this filing.
Diggi Multitrade Ltd has received approval from BSE to reclassify two shareholders — Sangeeta Hariprasad Naidu and Pradeepkumartana Jankiramulu Naidu — from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI Regulation 31A. The application was originally submitted on October 29, 2024, and approved on September 2, 2025. Notably, both outgoing promoters held 0 shares (0% shareholding) at the time of reclassification, meaning the move is a formal categorization change rather than a change in actual ownership. Promoter holding remains at 44.64% (43,20,000 shares) and public holding at 55.36% (53,57,500 shares), unchanged pre- and post-reclassification. BSE also issued a warning letter to the company for a ~10-month delay between applying (Oct 29, 2024) and making the required disclosure (Aug 23, 2025).
This is largely a procedural/cosmetic change since the outgoing promoters held no shares — actual promoter shareholding (44.64%) and public shareholding (55.36%) stay the same, so there is minimal direct impact on shareholders or stock price. However, the warning letter from BSE for delayed compliance is a minor governance red flag worth noting.