Intimation Regarding No Objection letter received from Exchange under Regulation 31A of SEBI LODR for reclassification from Promoter to Public category.
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India Gelatine & Chemicals Ltd has received a No-Objection letter from BSE (dated September 17, 2025) for reclassifying three persons/entities — Viren Chandrasinh Mirani, Shefali Viren Mirani, and Olive Speciality Services LLP — from the 'Promoter' category to the 'Public' category. All three currently hold NIL shares in the company, meaning they had already exited their promoter shareholdings prior to this reclassification. The company had originally applied for this reclassification on June 16, 2025. This is a regulatory housekeeping step to align the shareholding records with the actual status of these erstwhile promoters, who are no longer part of the promoter group.
This reclassification is largely procedural since these persons already hold zero shares. It formalises their exit from the promoter group in BSE's records, with no material impact on share price or existing public shareholders. Shareholders should note ongoing compliance requirements related to any future material disclosures.