Intimation of approval received from BSE Limited for Reclassification of certain shareholders of the Company from "Promoters and Promoter Group category" to "Public category"
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Awaiting price reaction for this filing.
Soma Papers and Industries Ltd has received BSE approval to reclassify 8 shareholders — Bharat Krishnakumar Somani, Vikram Somani, Somani Vikram HUF, Asha Somani, Rakhi Somani, Saraswati Somani, SRS Trading & Agencies Pvt Ltd, and Oricon Enterprises Ltd — from the Promoter and Promoter Group category to Public category. Notably, all 8 outgoing promoters already held 0 shares in the company, so this is a technical cleanup rather than an actual change in ownership. Promoter holding stays at 49.52% (6,94,296 shares) held only by Anupama Anumala (2.49%) and Narasimharao Anumala (47.03%). Public holding remains unchanged at 50.48%. The reclassification was done under Regulation 31A of SEBI LODR Regulations, 2015, based on the company's application dated February 7, 2025.
This is a routine housekeeping reclassification with zero impact on shareholding or voting power — the promoter count is reduced but their stake stays the same at just below 50%. No meaningful change for shareholders or stock price is expected.