KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSE has approved the reclassification of Ms. Asha Thayer and Mr. Govinddas Mohandas from the 'Promoter and Promoter Group' category to the 'Public' category under Regulation 31A of SEBI (LODR) Regulations, 2015. The company applied for this reclassification on 3 December 2025, and the approval was granted on 4 March 2026. The company now needs to obtain shareholder approval in a general meeting within 60 days of BSE's approval to complete the process. Once finalized, these two individuals will no longer be treated as part of the promoter group for regulatory purposes.
This is a procedural/structural change and typically does not directly affect share price. However, it reduces the formal promoter group size, which may marginally change how the company's promoter vs. public shareholding is reported going forward.