Announced Fri, 18 Jul · 14:26 IST

As per the letter attached herewith in connection with the approval received from BSE for reclassification of earlier Promoters from Promoter/Promoter Group Category to Public Category.

Ownership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Fundviser Capital (India) Ltd has received BSE approval to reclassify three entities — Mrs. Namrata Kapil Jain, Ms. Prachi Dhannalal Jain, and Sureshchand Chhotelal Jain (HUF) — from the Promoter/Promoter Group category to the Public category under SEBI Regulation 31A. Notably, all three outgoing promoters already held 0 shares (0%) at the time of reclassification. As a result, the overall shareholding pattern remains unchanged: Promoters continue to hold 39,25,169 shares (66.36%) and Public shareholders hold 19,89,831 shares (33.64%). The reclassification is purely a procedural cleanup to formally remove these zero-holding entities from the promoter list.

Likely market impact

This is a technical/corporate housekeeping action with no impact on the actual shareholding pattern or stock price, since the outgoing promoters already held zero shares. Remaining promoter holding stays comfortably above 50%, so control of the company is unaffected.