Kernex Microsystems (India) Limited has informed the Exchange regarding ' Intimation Of Receipt Of Approval From BSE Limited And National Stock Exchange Of India Limited For Reclassification Of Some Of The Promoters/Promoters Group Shareholders To Public Category Under Regulation 31A Of SEBI (LODR) Regulations, 2015'.
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Kernex Microsystems has received approvals from both BSE and NSE (letters dated June 26, 2025) to reclassify 9 members of the promoter/promoter group into the public category. Together, these members hold 19,060 shares, representing just 0.11% of the company's share capital. As a result, promoter group holding decreases marginally from 29.09% (48,74,581 shares) to 28.98% (48,55,521 shares), while public holding rises from 70.91% to 71.02%. The reclassification was originally applied for on September 20, 2024. The change is purely administrative/categorical and does not involve any actual sale of shares or change in beneficial ownership.
This is a minor, administrative reshuffling of shareholding categories with no real change in ownership or market float. The impact on share price or shareholder value is negligible since only 0.11% of shares are reclassified, and the promoter group was already well below the 50% threshold.