BSE Ltd. rejected the Reclassification Application of Mr. Rameshkumar More filed under regulation 31 A of SEBI Listing Regulations.
GRAUWEIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSE Ltd. has rejected an application filed by Grauer & Weil (India) to reclassify Mr. Rameshkumar More from the Promoter/Promoter Group category to the Public category under SEBI Listing Regulations. Mr. More holds only 100 shares (negligible stake of 0.0000%). BSE rejected the application because Mr. More's son, Mr. Rohitkumar Rameshkumar More, currently serves on the company's board, indicating continued indirect control by the promoter family. The original application was filed on February 10, 2025, and the rejection letter was issued on July 23, 2025.
Mr. Rameshkumar More will remain classified as a promoter, so the overall promoter group composition is unchanged. Since his shareholding is negligible (100 shares), there is no real impact on stock price or shareholder value — this is a governance/administrative matter only.