Company filed application under Reg. 31A(8)(c) to re-classify Mr. Vinod Haritwal, Mr. Rameshkumar More and M/s Waluj Beverages LLP from ''Promoters & Promoters Group category'' to ''Public Category''
GRAUWEIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Grauer & Weil (India) Limited has filed applications with BSE to re-classify three members — Mr. Vinod Haritwal, Mr. Rameshkumar More, and M/s Waluj Beverages LLP — from the 'Promoter & Promoter Group Category' to the 'Public Category', under SEBI Regulation 31A(8)(c). The Board had already approved these reclassification requests on February 6, 2025, and the applications were submitted to BSE on February 10, 2025. The company admits that disclosure of the applications to BSE was inadvertently delayed and is now being reported on May 5, 2025. The filings are essentially procedural confirmations of an earlier board-approved decision.
This reclassification will shrink the company's promoter group by removing these three entities, potentially reducing the overall promoter shareholding in the company. Shareholders should note this is a procedural reclassification rather than a share sale, though it signals that these parties no longer play an active promoter role in the company.