Intimation of receipt of Application for reclassification from promoter category to Public Category.
Awaiting price reaction for this filing.
Burnpur Cement Ltd has informed the exchanges that it received requests from two members of the promoter/promoter group — Shehul Sandip Parikh and Rakhi Parikh — seeking reclassification to the 'Public' category under SEBI LODR Regulation 31A. Both individuals currently hold 0 shares (0%) in the company, having sold their entire holdings of 25,000 equity shares each in the open market back in August 2020 at around Rs. 1.30–1.35 per share. They have stated they have had no involvement in the company's management or affairs since FY 2020-21, and their names have already been excluded from the promoter list in the annual reports from FY 2022-23 onwards. The company will now process the reclassification in line with SEBI's rules, including the required compliance conditions for a minimum of three years post-reclassification.
This is a purely administrative/regulatory update with no impact on the share price or shareholding structure — both individuals already hold zero shares and were already excluded from the promoter list in recent annual reports. Shareholders should not expect any change in promoter shareholding percentage or voting control as a result of this filing.