Re-classification from Promoter Group to Public shareholder
KAMAHOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Kama Holdings has approved a request from SMK Wellness Private Limited to be reclassified from 'Promoter Group' to 'Public' category shareholder under SEBI Regulation 31A. SMK was earlier part of the promoter group because Rose Farms (Delhi) LLP (a promoter group entity) had contributed to its capital, but Rose Farms has since sold its entire stake in SMK. The Board confirmed that SMK holds no shares or voting rights in the company and does not exercise control, have board seats, or special rights. The reclassification still needs BSE approval to be effective.
This is largely a procedural reclassification with no actual change in shareholding — SMK never held shares in Kama Holdings. Shareholders are unlikely to see any material impact on stock price or ownership structure; it simply cleans up the promoter group list.