Intimation of request received for Re-classification by Person falling under PROMOTER Group under Regulation 31A SEBI(Listing obligations and Disclosure Requirements) Regulations,2015.
Awaiting price reaction for this filing.
Pradhin Limited has received requests from two members of the Promoter Group — Nandkishore Sonthalia and Nitin Vitthalrao Thorave — seeking reclassification to the 'Public' category under SEBI Regulation 31A. Both individuals currently hold 0 shares in the company. They have stated they are not involved in the business, hold no board position, do not exercise control, and have no special rights. The reclassification is subject to approval from the Board of Directors and BSE India. Neither individual is selling shares — this is a category change, not a transaction.
Since both members hold zero shares, this reclassification has no impact on the company's promoter shareholding or stock price. It is an administrative/labeling change with no financial effect on existing shareholders.