Submission of reclassification of promoter application to stock exchange under regulation 31A of SEBI(LODR).
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Edvenswa Enterprises has submitted an application to BSE on September 30, 2025, seeking reclassification of Mr. Y. Ramesh Reddy from the 'Promoter' category to the 'Public' category under Regulation 31A of SEBI LODR Regulations. Mr. Reddy holds 18,96,000 shares, representing 6.49% of the company's shareholding. This is the final step in the reclassification process, following the initial request on September 16, 2025, a board meeting on September 25, 2025, and submission of the board meeting extract on September 26, 2025. The reclassification requires stock exchange approval before it becomes effective.
Once approved, Mr. Reddy's 6.49% stake will move out of the promoter group and into the public shareholding category, reducing the overall promoter shareholding of the company. This is a procedural regulatory action rather than a share sale, so existing shareholders are not financially affected in the short term.