Pursuant to Regulations 30 and 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of HEM Holdings and ....
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Awaiting price reaction for this filing.
Hem Holdings & Trading Limited's Board has approved the reclassification request from M/s. Sim Prabha Estates & Trading Co. (P) Ltd, moving it from the Promoter Group category to the Public category under SEBI LODR Regulation 31A. The entity currently holds zero (0%) equity shares in the company. The board confirmed that this entity does not exercise any control, has no special rights, and is not represented on the board or as Key Managerial Personnel. The reclassification is subject to approval from shareholders, BSE Limited, SEBI, and other regulatory authorities. The company will submit the application to BSE within the stipulated timeline.
Minimal direct impact on shareholding since the entity already holds 0% shares. However, this reduces the promoter group size and may affect how the market perceives promoter group influence and future shareholding disclosures.