Request for reclassification from Promoter group to Public
KAMAHOLD · price
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Awaiting price reaction for this filing.
SMK Wellness Private Limited, currently classified as a promoter group entity of Kama Holdings, has requested to be reclassified as a 'Public Category' shareholder. SMK was included in the promoter group because Rose Farms (Delhi) LLP, a promoter group entity, had a 50% stake in SMK Wellness LLP. Rose Farms sold its entire stake in SMK Wellness Private Limited on March 21, 2025, severing the promoter group connection. SMK confirms it holds less than 10% of Kama Holdings' equity, has no board representation, no managerial role, and no special rights or control over the company. The board of directors will consider this reclassification request in an upcoming meeting.
This is a procedural reclassification with no impact on total promoter shareholding or company operations. Once approved, SMK will move from the promoter group category to public shareholders, but since it holds under 10%, this is unlikely to materially affect stock price or shareholder value.