Intimation of request received for Re-classification of person falling under Promoter Group under Regulation 31A SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
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IMEC Services Ltd has informed BSE that two entities from its promoter group — APL International Private Limited and Nutrela Marketing Private Limited — have requested to be re-classified as 'Public' shareholders instead of 'Promoter Group'. APL International holds 25,568 shares (1.35%) and Nutrela Marketing holds 1,136 shares (0.06%), together accounting for 1.41% of the company's paid-up capital. Both entities stated they are not involved in the management or affairs of the company, have no board representation, and hold no special rights. The re-classification is subject to approval from the Board of Directors and the Stock Exchange under SEBI LODR Regulation 31A.
If approved, 1.41% of shareholding will move out of the promoter group category into the public category, marginally reducing promoter group holdings. This is an administrative reclassification, not a sale of shares on the market, so it should not directly affect share price but signals promoter group entities wanting to exit the promoter classification.