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Awaiting price reaction for this filing.
BSE has approved Hawa Engineers' application to reclassify 15 outgoing promoter shareholders as public shareholders under SEBI Regulation 31A. The application was originally filed on November 21, 2019 and approved on June 13, 2025. As a result, promoter holding will decrease from 22,50,117 shares (63.81%) to 19,90,600 shares (56.45%), while public holding will increase from 12,76,283 shares (36.19%) to 15,35,800 shares (43.55%). The 15 outgoing promoters collectively held 2,59,517 shares (7.36%), which will now be counted as public shareholding.
This is an administrative reclassification rather than a share sale, so there is no change in total shareholding pattern or float. Promoters remain in control above 50%, so no material governance or valuation impact is expected for shareholders.