Intimation of receipt of approval for Reclassification application of Outgoing Promoter/ Promoter Group under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.6 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
El Forge Ltd has received BSE approval to reclassify two individuals — V Balu (6,708 shares, 0.03%) and Rohini Ramaswamy (1,300 shares, 0.01%) — from the Promoter/Promoter Group category to the Public category under SEBI LODR Regulation 31A. Post-reclassification, the promoter group holding stands at 82,87,619 shares (40.78%) while public shareholding rises marginally to 1,20,36,685 shares (59.22%). The reclassification involves a very small stake and does not materially change the overall ownership structure.
Minimal impact on shareholders — the reclassification involves negligible stake movement (~0.04% combined) and core promoter control remains unaffected. Promoter holding stays at ~40.78%, well below the 50% mark, indicating no change in management control.