Stock -Exchange and Shareholder are requested to take on record, that the Company has received the approval for Promoter reclassification and the same has been attached along with the ....
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Awaiting price reaction for this filing.
BSE has approved the company's application to reclassify 7 members of the Nevatia family (Hariprasad, Vandana, Kusum, Sudha, Mridula, Harsh, and Sudhir Nevatia) from the promoter category to the public category under SEBI LODR Regulation 31A. Notably, all 7 outgoing promoters hold 0 shares (0% holding), so this is a technical/cleanup reclassification with no actual change in ownership. The company's overall promoter holding remains at 2,76,990 shares (55.40%) and public holding at 2,23,010 shares (44.60%), both unchanged before and after the reclassification. The approval was issued by BSE on September 26, 2025, and the intimation to the exchange was filed on September 29, 2025, with a brief delay explained due to the intervening weekend.
Since the outgoing promoters held zero shares, there is no material impact on the shareholding pattern, voting power, or stock price. The reclassification simply removes individuals with no actual stake from the promoter list, reducing future compliance burden with no dilution or concentration risk for existing shareholders.