Stock Exchange and Stakeholders are requested to take on record Intimation under Regulation 30 of SEBI LODR Regulation 2015, With respect to Promoter Reclassification request.
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Mr. Vishal Thakkar, a Promoter of RRP Electronics India Limited (formerly Indian Link Chain Manufacturers Ltd), has submitted a request to be reclassified from the 'Promoter' category to the 'Public' category under Regulation 31A of the SEBI LODR Regulations, 2015. The Board of Directors will consider this request at an upcoming board meeting, subject to applicable SEBI rules. If approved by the Board, the company will then apply to BSE for final approval of the reclassification.
This signals a shift in the company's promoter shareholding classification, which may indicate reduced promoter influence or a lower effective promoter stake. For retail investors, this could alter the public float perception but does not by itself change the actual shareholding or stock price.