Intimation w.r.t the submission of application for re-classification from " Promoter and Promoter Group" to Public category pursuant to Reg 31(A)(8) of SEBI (LODR), 2015
Awaiting price reaction for this filing.
RCC Cements has formally submitted an application to BSE on September 3, 2025, seeking approval to reclassify five promoters from the 'Promoter and Promoter Group' category to the 'Public' category. The combined shareholding of these promoters stands at 1,22,500 shares, or 2.18% of paid-up capital, with only Ms. Anupreksha Jain (1.22%) and Yogesh Jain HUF (0.96%) currently holding any shares. The Board had already approved the request on August 29, 2025, and shareholder approval will be sought at the upcoming AGM on September 30, 2025.
If approved, the promoter group's effective holding in the company will reduce by 2.18%, modestly increasing the public float. This is a small-cap, low-float stock, so the shift may slightly improve liquidity and signal reduced promoter control, though the overall impact on shareholding structure is minor.