Notice of postal ballot for reclassification of promoter.
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Awaiting price reaction for this filing.
International Data Management Ltd is seeking shareholder approval via postal ballot to reclassify Apollo Trading and Finance Private Limited from the 'Promoter' category to the 'Public' category. Apollo Trading holds 38,220 equity shares (1.74%) of the company and has confirmed it has no control over the company's affairs, no board representation, and no special rights. BSE has already granted no-objection for this reclassification on September 12, 2025. After reclassification, the promoter and promoter group holding will reduce from 25.27% to 23.53%. Voting is open from October 10, 2025 to November 8, 2025 through remote e-voting.
This is a procedural reclassification of a small promoter stake (1.74%) to public category with no change in actual shareholding. It is unlikely to have any material impact on the stock price or shareholder interests, as the shares are not being sold—only the category label is changing.