Intimation of receipt of request for reclassification from the ''promoter group'' category to ''public'' category.
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Fruition Venture Ltd has informed BSE that three promoter group entities — Mr. Nitin Jain, Mr. Sanhit Jain, and M/S Nitin Jain HUF — have requested reclassification from the 'Promoter Group' to the 'Public' shareholder category under Regulation 31A of SEBI LODR Regulations. All three entities currently hold 0% equity shares in the company and have confirmed they are not involved in the business, do not exercise control, have no board representation, and are not key managerial personnel. The company will now take the necessary steps to process this reclassification request with the stock exchange.
Since these promoter group members already hold zero shares and have no role in the company, the reclassification is largely administrative and should have no material impact on shareholding structure or stock price. Existing public shareholders and the remaining promoter group are unaffected.