Krishna Institute of Medical Sciences Limited has informed regarding receipt of approval under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Krishna Institute of Medical Sciences Limited has informed the exchanges that it has received approval under Regulation 31A of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Regulation 31A deals with the reclassification of a shareholder's status — typically a request by a promoter-group entity or an existing shareholder to be reclassified from 'promoter' to 'public/non-promoter', or vice versa. The company has been granted this reclassification approval by the stock exchange(s).
Shareholders should check whether this reclassification changes the promoter shareholding percentage reported for the company, as that figure is recalculated after such approvals. This does not involve any actual buying or selling of shares, so there is no direct cash or valuation impact from the change itself.