Kokuyo Camlin Limited has informed the Exchange regarding 'Intimation of disclosure received u/r 10(6) of SEBI (SAST) Regulations, 2011 and request for reclassification u/r 31A of SEBI (LODR) Regulations, 2015'.
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Kokuyo Camlin Limited informed the exchanges that Ms. Anagha S. Dandekar, daughter of late promoter Mr. Subhash Digambar Dandekar (who passed away on 15 July 2024), has inherited 1,00,000 equity shares (0.10% of the company's paid-up capital) through transmission. By virtue of this inheritance, she was initially classified as part of the promoter group. Subsequently, she has submitted a request to the company to reclassify her status from 'Promoter' to 'Public' under Regulation 31A of the SEBI LODR Regulations, 2015. The total aggregate holding of the promoter and promoter group before and after this transmission remains unchanged, as the shares simply moved within the promoter group via inheritance.
This is a procedural, family-level share transmission with no change in the overall promoter group shareholding. The reclassification request, if approved, will technically shift a tiny 0.10% stake from the 'promoter' label to the 'public' category, which is unlikely to materially affect the stock price or shareholder value.