BSE approval letter for Reclassification of Shares of Ms. Radhika Prashant Maheshwari from Promoter Shareholding to Public Shareholding.
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BSE has approved GSB Finance Ltd's application (originally filed on October 23, 2024) to reclassify Ms. Radhika Prashant Maheshwari from the promoter category to the public category under SEBI LODR Regulation 31A. Only 4,900 shares (0.09% of total shareholding) held by Ms. Maheshwari are being moved from promoter to public. Post-reclassification, promoter holding stands at 33,14,820 shares (55.24%) while public holding rises marginally to 26,85,180 shares (44.76%), compared to the pre-reclassification levels of 55.33% and 44.67% respectively. The approval letter was issued on May 26, 2025, and is to be forwarded to depositories and the company's RTA for necessary action.
This is a routine, non-material reclassification involving a negligible 0.09% of shareholding. Promoter control remains firmly intact at over 55%, so there is no meaningful change in the company's ownership structure or governance. Shareholders are unlikely to see any impact on stock price or control dynamics.