Disclosure under Regulation 31A(10) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Reclassifiction of Promoters to Public Category pursuant to completion of open offer
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Tavernier Resources Limited (Scrip Code: 531190) filed a disclosure under SEBI LODR Regulation 31A following the completion of an open offer. Sudhir Milapchand Naheta, who held 33,15,916 shares representing 55.46% of the company as a promoter pre-offer, has been reclassified to the public category and now holds 0% (0 shares) post-offer. Rajkumari Naheta, also listed as a promoter, held 0 shares both pre and post offer. The reclassification follows the Letter of Offer dated 6th June 2024, issued under SEBI Takeover Regulations, 2011. The Board confirmed that the erstwhile promoters no longer exercise any control over the company.
This marks a complete exit of the previous controlling shareholder and signals a change in the ownership structure of the company. Shareholders should expect further disclosures regarding any new promoter group or acquirer that may have emerged through the open offer process.