Please find enclosed Request letter from Mr. Ashok Patel and Mrs. Daksha Patel for reclassification from "Promoter/Promoter group" Category to "Public" Category.
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Awaiting price reaction for this filing.
India Home Loan Ltd has informed BSE that two of its promoters — Mr. Ashok Shanabhai Patel and Mrs. Daksha Ashokbhai Patel — have submitted a request to be reclassified from the 'Promoter/Promoter Group' category to the 'Public' category under Regulation 31A of SEBI (LODR) Regulations, 2015. Both promoters state they currently hold no equity shares (directly or indirectly), have no role in the company's affairs, no board representation, and are not willful defaulters or fugitive economic offenders. The request, dated October 23, 2025, will be considered by the Board of Directors in an upcoming board meeting, subject to requisite approvals.
If approved, the two individuals will be reclassified as public shareholders, which could alter the company's promoter shareholding composition and reduce the count of named promoters. This is a procedural reclassification request and does not in itself indicate any share sale or change in actual ownership, so near-term stock price impact is likely minimal.