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Awaiting price reaction for this filing.
International Data Management Ltd has submitted an application to BSE seeking approval to reclassify Apollo Trading and Finance Private Limited from the 'Promoter' category to the 'Public' category under SEBI Listing Regulations. Apollo Trading had originally requested this reclassification on 2 May 2025, and the Board of Directors approved it on 28 May 2025, subject to BSE, shareholder, and other necessary approvals. This is a procedural update following earlier disclosures on 2 May and 28 May 2025. The reclassification will reduce the company's promoter group in terms of classification, though it does not involve any transfer of shares.
This reduces the size of the company's promoter group as officially classified, which may slightly change promoter shareholding percentages reported to the stock exchange. The stock price impact is generally minimal as no shares are actually being sold or transferred.