Announced Thu, 9 Jul · 21:42 IST
Board approves promoter reclassification to public category
Ownership Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹149.45
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.3+3.0+2.4-2.5-6.9+0.3————
Up moveDown movePending
AI summary
The Board approved reclassification requests from 10 promoter and promoter group persons to public category under SEBI Regulation 31A. Vinod Prabhulal Mehta holds 4,17,620 shares at 1.72 percent, with 4 others holding small stakes and 5 persons already holding zero shares. The outgoing promoters confirmed they do not control the company. Only Mr Vinod Mehta retains any board representation. Reclassification is subject to shareholder approval and BSE clearance.
Likely market impact
Promoter label drops on about 2.5 percent stake, shifting it to public float. Still needs shareholder and BSE approval to be effective.