Attached Reclassification request received from one of the promoters of the company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Sudhakara Varma Yarramraju, a promoter of Hypersoft Technologies Ltd, has requested reclassification from 'Promoter' to 'Public' category under SEBI Regulation 31A. He currently holds 9,81,155 equity shares representing 1.16% of the company's paid-up capital. The promoter has certified that he meets all conditions for reclassification including not holding more than 10% voting rights, having no control over company affairs, no board representation, and no special rights. He states he has no role in company affairs and no pecuniary interest in the company. The request is under SEBI (LODR) Regulations, 2015.
This indicates one promoter is reducing his involvement in the company. With only 1.16% stake, the impact on shareholding structure is minimal but signals a gradual reduction in promoter group influence.