Announced Tue, 31 Mar · 20:55 IST

Pursuant to Regulation 31A of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 (Listing Regulations). We wish to inform you that the Company has recevied request ....

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Price reaction · full curve 14 horizons · vs prior close
+8.7%1-day move
₹43.00
prior close
₹45.06
base price
After-mkt
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-0.1-0.2-0.3-0.1+8.7+10.7+12.8+11.6+10.5+13.8+16.2+18.6+38.7+44.7
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AI summary

Galaxy Agrico Exports Ltd has informed BSE that 8 individuals/HUF from its promoter category have submitted requests to be reclassified as public shareholders under Regulation 31A of the SEBI Listing Regulations. The applicants include Amrita Jitendra Shah, Hemali Sudhir Patel, Manojkumar Harsukhlal Shah-HUF, Manoj Harsukhlal Shah, Minal Jinesh Sanghvi, Nalini Manojkumar Shah, Sanjay Jayantilal Patel, and Suketa Sanjay Patel. Out of these, 7 applicants hold zero equity shares, while only Nalini Manojkumar Shah holds 7,475 shares (0.04% of paid-up capital). All applicants have confirmed they do not exercise any control over the company, have no board representation, and are not willful defaulters or fugitive economic offenders. The reclassification is subject to approval from the Board, Shareholders, and BSE.

Likely market impact

This is largely a housekeeping exercise — most applicants hold zero shares, and the only meaningful stake (7,475 shares or 0.04%) is negligible. Unlikely to have any material impact on promoter shareholding structure or the stock price.