Intimation of approval letter received from BSE Limited on reclassification from promoter group category to public category
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Kabsons Industries Ltd has received approval from BSE Limited (letter dated July 10, 2025) to reclassify five entities/persons from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI Regulation 31A. The application for this was originally filed on October 19, 2024. As a result of this reclassification, the promoter holding in the company has decreased from 67.99% to 63.12% (a reduction of about 4.87%), while the public shareholding has correspondingly increased from 32.01% to 36.88%. The largest outgoing promoter entity is Kabsons Gas Equipment Private Ltd, which alone held 4.23% of shares. Other outgoing promoters include Satish Kabra (0.45%), Prakun Equipments (0.10%) and Gasolec Appliances (0.09%), while Ruchira Kabra held zero shares.
This is a reclassification event and not an actual sale of shares, so there is no cash impact or change in ownership of the company. The promoter group still retains majority control at 63.12%, so governance and control remain with the same set of promoters. The shift slightly increases public shareholding and free float, which could marginally improve liquidity in the stock over time.