Promoter group reclassification application submitted to BSE and NSE
KMEW · price
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On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.2 pts less than its Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The company applied to BSE and NSE for approval to reclassify certain promoter and promoter group members. Nine members withdrew their requests and were excluded; together they held 180 shares, described as negligible. Exchange approval is pending.
There is no immediate ownership change disclosed. Approval may alter promoter classifications, but the withdrawn members held only a negligible stake.