Stock exchange and stakeholders are requested to take on record, the Board has considered and approved the request received from Mr. Vishal Thakkar seeking reclassification of his status ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of RRP Electronics India Limited approved a request from Mr. Vishal Thakkar to reclassify him from the 'Promoter/Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. Mr. Thakkar currently holds zero equity shares (0%) in the company, is not involved in day-to-day management, is not on the board, and is not a KMP. The company will now apply to BSE for its no-objection certificate within the prescribed timeline. Pre-reclassification promoter shareholding stood at 5.33% (1,22,590 shares), with Mr. Rajendra Kamalakant Chodankar as the only other named promoter. Shareholder and SEBI approvals are still required to finalize the change.
No material impact on stock price since Mr. Thakkar already holds no shares; this is largely a housekeeping move that further reduces the promoter group's already small footprint (5.33%), indicating existing promoters are distancing themselves from promoter-level obligations.