Submission of Extracts of minutes of the Board Meeting approving reclassification request received from promoter category to public category.
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The Board of Directors of Edvenswa Enterprises, at a meeting held on 25th September 2025, approved a request from promoter Mr. Y. Ramesh Reddy to reclassify his shareholding from the 'Promoter' category to the 'Public' category under SEBI LODR Regulation 31A. Mr. Reddy holds 18,96,000 shares, representing 6.49% of the company. The rationale cited includes a SEBI order related to Brightcom Group Limited (currently sub-judice before the High Court), under which Mr. Reddy has already stepped down as Director and ceased to be a Key Managerial Personnel. The reclassification now requires approval from shareholders and BSE, after which it will be reflected in the next quarter's shareholding pattern.
If approved, the company will effectively move toward having no promoter group, which may increase the public float and free-float availability for trading. No immediate impact on share price is expected, but the change signals a governance shift away from the current promoter.