Extract of Board Meeting of the Company.
Price
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Awaiting price reaction for this filing.
Heera Ispat Ltd's Board, at its meeting on 12th September 2025, approved a request from promoter Dharmeshkumar Rameshchandra Mistry to reclassify his status from 'Promoter/Promoter Group' to 'Public' category. He holds 1,234 shares, representing just 0.02% of the company's shareholding. The reclassification is subject to approval from BSE and any other necessary regulatory clearances under SEBI's Regulation 31A. The Board confirmed that the promoter seeking reclassification does not hold more than 10% voting rights, does not exercise control, has no board representation, and is not a wilful defaulter or fugitive economic offender. The company is also in compliance with minimum public shareholding norms and has no outstanding dues to SEBI or stock exchanges.
This is a minor, procedural change involving a very small shareholder (0.02%) and is unlikely to have any meaningful impact on the stock price or existing shareholders. The reclassification only takes effect once BSE grants its approval.