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Awaiting price reaction for this filing.
Six members of the promoter group — Ramnik Garg, Navneet Garg, Shivani Garg, Gunjan Garg, Ramnik Garg & Sons HUF, and Rushil Garg — have submitted requests dated May 12, 2025 to be reclassified from the 'promoter' category to the 'public' category. All six members together hold only 10 shares (0.00%), so the reclassification has no meaningful impact on actual shareholding. The requests and undertakings have been placed before the Board of Directors for consideration at their next meeting.
This is a procedural/cosmetic change with negligible impact on total promoter shareholding or stock price, since the persons reclassifying hold virtually zero equity. Shareholders should await the Board's decision for confirmation.