Extract of Board Meeting Minutes for Re-classification of Promoter under Regulation 31A of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
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The Board of Directors of Imec Services Ltd, at its meeting on May 30, 2025, approved the reclassification of four entities — APL International Private Limited, Nutrela Marketing Private Limited, Abha Devi Shahra, and Ruchi Infrastructure Limited — from the 'Promoter & Promoter Group' category to the 'Public' category. These entities collectively hold 27,336 equity shares (face value Rs. 10), representing 1.44% of the company's paid-up capital. The reclassification is subject to approval from shareholders, BSE, and other regulatory authorities. The applicants have confirmed compliance with all SEBI Regulation 31A conditions and have committed to maintaining such compliance for at least three years, failing which they will automatically revert to promoter status.
This is a regulatory reclassification rather than a share sale, so there is no change in actual ownership or trading activity. Once approved by members and BSE, 1.44% of the shareholding will move from promoter to public category, marginally increasing the public float.