The Company has received a request from a member of the Company for re-classification from the Public to Promoter category in accordance with Regulation 31A of SEBI LODR Regulation 2015
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Hindustan Agrigenetics Ltd has informed BSE that it received a request from Rajendra Naniwadekar to be reclassified from the Public shareholder category to the Promoter category under SEBI LODR Regulation 31A. According to the attached letter, Mr. Naniwadekar has completed the Open Offer process under SEBI Takeover Regulations 2011 and has paid the balance consideration under the Share Purchase Agreement dated 13 January 2025 with existing promoter Pritam Kapur. The equity shares have been credited to his demat account, and he has formally acquired control of the company. The company will now process the reclassification in line with regulatory requirements.
This signals a complete change of control at Hindustan Agrigenetics Ltd, with a new promoter taking over from Pritam Kapur. Shareholders should expect changes in management direction and strategic decisions as the new promoter settles in. This type of reclassification is a routine regulatory step after a takeover but confirms the transfer of ownership is now final.