This is to inform you that the Board has approved the re-classification request of Mr. Rajendra Naniwadekar as promoter category.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Rajendra Naniwadekar has completed an Open Offer triggered by his purchase of 44,000 equity shares from selling promoter Mr. Pritam Kapur under a Share Purchase Agreement. As a result, Mr. Naniwadekar has acquired control of the company and will now be classified as a Promoter under SEBI Regulations 30 and 31A(10). Simultaneously, 15 existing members of the Promoter and Promoter Group (including Mr. Pritam Kapur, Mr. S V R Rao, and others) will be reclassified into the public category. This reclassification will reflect in the shareholding pattern for the quarter ended 30th September 2025. The board approved these changes in a meeting held on 30th September 2025.
This represents a complete change of promoter control at the company. Shareholders should expect a shift in corporate strategy and management direction as control moves from the existing promoter group to Mr. Naniwadekar, which could affect future business decisions.