Hester Biosciences Limited has informed the Exchange about General Updates
HESTERBIO · price
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Hester Biosciences has submitted applications to both BSE and NSE seeking 'No Objection' for reclassifying two promoters — Mr. Ravin Gandhi and Ms. Bela Gandhi — from the Promoter category to the Public category under SEBI's Regulation 31A. This follows an earlier submission dated 15 May 2026. The company is following the prescribed process for this reclassification, which requires exchange approval before the change takes effect.
Reclassification of promoters to the public category typically signals a reduction or exit of promoter holding, which may signal reduced promoter confidence or stake dilution. Investors should monitor subsequent shareholding pattern disclosures to track the actual change in promoter stake.