Intimation Pertaining to Request Received for Reclassification of Shareholding From "Promoter and Promoter Group" Category to "Public" Category as per Regulation 31A of SEBI (LODR) Regulations, 2015
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Heera Ispat Ltd has informed BSE that it received a request from one of its promoters, Dharmeshkumar Rameshchandra Mistry, to be reclassified from the 'Promoter and Promoter Group' category to the 'Public' category under Regulation 31A of SEBI (LODR) Regulations, 2015. The promoter holds only 1,234 equity shares, representing a negligible 0.02% of the company's share capital. In the request, the promoter has confirmed that he does not hold more than 10% voting rights, does not exercise control over the company, is not on the board, and is not a key managerial person. The company has stated it will file the formal application for reclassification with the stock exchange in due course.
This reclassification involves an extremely small shareholder (just 0.02% stake) and has no material impact on the company's ownership structure, control, or shareholder value. It is a routine procedural filing with no bearing on the stock price or existing shareholders.