Announced Tue, 13 May · 14:58 IST

Attached.

Ownership Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

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.

Likely market impact

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.