with reference to the captioned subject the Company has submitted the application for Reclassification of Promoter seeking Reclassification from "Promoter" to "Public" category with BSE ....
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Awaiting price reaction for this filing.
Kisan Mouldings Ltd has submitted an application to BSE for reclassifying 10 promoter group members from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI's Listing Regulations. The members seeking reclassification collectively hold 46,80,506 equity shares, representing 3.93% of the company's paid-up share capital. The Board approved these reclassification requests on August 4, 2025, and the formal application was filed with BSE on August 8, 2025. The reclassification is subject to BSE issuing a No Objection Certificate. No shares are being sold — the same individuals will retain ownership but will be classified as public shareholders going forward.
If approved, the company's effective promoter shareholding will reduce from whatever it currently is by 3.93%, slightly increasing the public float. This is a procedural reclassification and not a share sale, so it is unlikely to have a direct material impact on the stock price, though it signals that these promoter group members may no longer play an active role in the company.