Lorenzini Apparels Limited has informed the Exchange regarding 'Promoter reclassification'.
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Awaiting price reaction for this filing.
Lorenzini Apparels has received approval from both NSE and BSE to reclassify Ms. Deepika Jain from the 'Promoter' category to the 'Public' category under SEBI LODR Regulation 31A. The application was originally filed on September 20, 2024, and the exchanges approved it on April 24, 2025. Notably, Ms. Deepika Jain holds 0 shares (0% shareholding), so the reclassification has no impact on the actual shareholding pattern. Promoter holding remains at 56.17% (9,70,29,754 shares) and public holding stays at 43.83% (7,57,06,797 shares). BSE also issued a warning letter to the company for a 5-day delay in disclosing the reclassification application to the exchange.
This is a procedural housekeeping change with no real impact on shareholders or the stock price, since the reclassified person holds zero shares and the promoter-public shareholding split remains unchanged at roughly 56:44. The BSE warning letter is a minor compliance flag, not a penalty, but investors may note the company's small governance lapse.