Enclosed herewith Reclassification Letter received from Mr. Kiran Vora on 22/04/2025
Awaiting price reaction for this filing.
Mr. Kiran Nagindas Vora, one of the company's promoters, has formally requested to be reclassified from the 'Promoter' category to the 'Public' category. He currently holds 0% equity shares in the company, having sold his entire stake to Mr. Satyajit Mishra via a Share Purchase Agreement dated 13 August 2024. Mr. Mishra subsequently completed an open offer on 25 March 2025 and is now classified as the new promoter with a controlling stake. Mr. Vora confirmed he holds no shares, has no family members on the board or as KMP, and has no influence over the company's affairs. The reclassification is procedural and aligns the company's records with the change in control that has already taken place.
This is a formal, post-event disclosure confirming a change of control that was completed earlier. Shareholders should note that the promoter group has effectively exited and a new promoter (Mr. Satyajit Mishra) is now in control, which may have already been reflected in shareholding patterns filed previously.