Request Received for Reclassification of Promoter of the Company.
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Dharmeshkumar Rameshchandra Mistry, who holds 1,234 equity shares of Heera Ispat Ltd, has requested the Board to reclassify his shareholding from the 'Promoter & Promoter Group' category to the 'Public Category' under SEBI Regulation 31A of the LODR Regulations, 2015. He has confirmed that he does not hold more than 10% of voting rights, does not exercise control over the company, has no board representation, is not a key managerial person, and is not a wilful defaulter or fugitive economic offender. He has also agreed to comply with all conditions under Regulation 31A(3), including a three-year post-reclassification compliance window. The request is now before the Board for consideration and approval.
This is a procedural request from a very small shareholder (1,234 shares) seeking to exit the promoter category. It is unlikely to materially affect the company's promoter shareholding, control structure, or stock price, but it slightly increases the public shareholding float upon approval.