Intimation of approval letters from BSE for re-classification from promoter Group category to Public category.
Awaiting price reaction for this filing.
BSE has approved Pradhin Ltd's application to reclassify four shareholders — Saroj Jayprakash Jalan, Sachin Jayprakash Jalan, Bobby Sonthalia, and Govind Prasad HUF — from the 'Promoter/Promoter Group' category to the 'Public' category. Together, these entities held 89,04,450 shares, representing 0.88% of the company's share capital. Two of them (Bobby Sonthalia and Govind Prasad HUF) held zero shares, while the Jalan family members together held about 0.88%. Following this reclassification, the company's entire shareholding (100%) now falls under the Public category, with the Promoter category reduced to 0%.
The change is largely procedural as the promoter holding was already negligible (0.88%). It does mean the company now has no identifiable promoter group, which could affect governance dynamics, but is unlikely to materially impact the stock price since the shares involved were minimal.