we wish to inform you the the Board granted its approval for Reclassification of Shareholding from ''Promoter and Promoter'' Group to ''Public Category''
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Awaiting price reaction for this filing.
Kisan Mouldings Ltd has issued a postal ballot notice seeking shareholder approval to reclassify 9 members of the promoter/promoter group (the Aggarwal family) into the 'Public' category. Collectively, these outgoing promoters hold 39,85,664 shares, about 3.35% of the company's paid-up equity capital. The reclassification is being done under SEBI's Listing Regulations, and the outgoing promoters have confirmed they hold under 10%, do not control the company, and are not wilful defaulters or fugitive economic offenders. The Board had approved this on August 4, 2025. E-voting runs from November 1 to November 30, 2025, with results expected by December 1, 2025. Once approved, these shareholders cannot be on the board or serve as key managerial personnel for more than 3 years.
For retail shareholders, this is largely a procedural change — it reduces the promoter group shareholding by around 3.35%, but no shares are being sold or diluted. The stock price is unlikely to be materially affected, though governance focus will shift further toward the remaining promoter group led by Chairman Sanjeev Aggarwal.