As per the attached Intimation letter
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GHV Infra Projects Ltd has received a request from promoter group member Husena A Musamji to be re-classified from the 'Promoter and Promoter Group' category to the 'Public' category. The promoter holds 37,50,000 equity shares (Rs. 5 each) representing 5.20% of the company's total share capital. This re-classification request has been filed under SEBI's Regulation 31A of the Listing Regulations. The request is pending consideration by the company's Board of Directors and will require BSE Limited approval before taking effect.
If approved, this re-classification will reduce the promoter group's total shareholding by 5.20%. This represents a significant reduction in the promoter holding and may signal an intent to fully exit the company. The market may view this as a negative development as it indicates a key stakeholder reducing their association with the company.