Intimation Under Regulation 31A(8)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding submission of application for reclassication of Promoter(s)/ ....
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Galaxy Agrico Exports has informed BSE that certain members of its Promoter/Promoter Group have requested to be reclassified as Public shareholders. The company received these requests on March 30 and 31, 2026. The Board of Directors approved the reclassification at its meeting on April 09, 2026, and the formal application along with necessary documents and fees was submitted to BSE on April 14, 2026 (within the 5-day deadline from board approval). The application is currently under review by the stock exchange. The company has provided a complete chronology of events leading to the submission of the reclassification application.
If approved by BSE, the shareholding of these individuals will shift from the 'Promoter/Promoter Group' category to the 'Public' category in the company's shareholding pattern. This does not involve any actual buying or selling of shares — it is purely a status reclassification. It may slightly reduce the formal promoter shareholding percentage on record, but the total shareholding of these persons remains unchanged. This is a corporate governance disclosure and does not directly affect the stock price.