Intimation of request for reclassification by person falling under promoter/promoter group under Regulation 31A of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ....
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Epuja Spiritech Ltd has informed BSE that two entities currently classified as promoters have asked to be moved to the 'Public' category. Winfotel Infomedia Technologies holds 9,000,000 shares (7.96%) and Divit India Services holds 75,000 shares (0.07%), together totaling 9,075,000 shares or 8.03% of the company. Both entities have stated they are not involved in the company's operations, do not control its decisions, have no board seat, and hold no special rights. The reclassification is not yet effective — it still needs approval from the Board, the Stock Exchange, and shareholders.
If approved, the promoter group's classified shareholding will drop by 8.03% and that portion will be added to public shareholding, though no shares are actually being sold and ownership stays the same. This could improve the public float and may matter if the company needs to meet minimum public shareholding norms.