Outcome of Board meeting dated September 25th ,2025 approving the request received from Promoter seeking reclassification to public category
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The Board of Edvenswa Enterprises, at its meeting on September 25, 2025, approved a request from promoter Mr. Y. Ramesh Reddy to reclassify his shareholding from the 'Promoter' category to the 'Public' category under SEBI Regulation 31A. Mr. Reddy holds 18,96,000 shares, representing 6.49% of the company's total shareholding. The reclassification is subject to SEBI and stock exchange approvals. This reduces the promoter group's stake in the 'promoter' category of the company.
This move shifts a 6.49% holding from the promoter group to the public category, reducing overall promoter shareholding and increasing the public float. It is a procedural change in classification and not a share sale, though it may slightly improve liquidity and free-float metrics for the stock.