Enclosed Letter of Approval from BSE Limited on Reclassification of "Promoter/Promoter Group " Category to "Public" Category
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BSE has approved the reclassification of three individuals — Santosh Kahar, Mitul Jagdish Thakkar, and Patel Bharatbhai Limjibhai — from the 'Promoter/Promoter Group' category to the 'Public' category, effective August 18, 2025. A total of 24,06,650 shares (0.13% of equity) are being moved out of the promoter bucket. As a result, promoter holding drops slightly from 3.49% to 3.36%, while public holding rises from 96.51% to 96.64%. The reclassification was carried out under SEBI's Regulation 31A. No shares were sold or transferred between parties; it is purely a change in classification status.
This is a procedural reclassification with negligible impact on actual ownership or stock price, as the company already has a very low promoter shareholding (3.36%) and a highly dispersed public float (96.64%).