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Awaiting price reaction for this filing.
Jasch Industries Ltd has informed BSE that it received request letters dated May 12, 2025, from two members of the promoter group — Shri Manish Garg and Smt. Ritu Garg — seeking reclassification from the promoter category to the public category. Both individuals currently hold 0 shares, representing 0.00% of the company's shareholding. The requests have been made under Regulations 30 and 31A of SEBI's Listing Obligations and Disclosure Requirements, 2015. The letters and undertakings will be placed before the Board of Directors at their next meeting for review and decision. The reclassification is a procedural step pending board approval and does not involve any change in shareholding.
Since both individuals already hold zero shares, this reclassification will not affect the actual ownership structure or stock price. It is a housekeeping change that simply removes two names from the promoter group roster once approved by the Board.