Approval letter received from stock exchange regarding the reclassification of certain shareholders (mentioned in approval letter) from the "Promoters" category to the "Public" category, ....
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M Lakhamsi Industries Ltd has received BSE approval to reclassify 17 shareholders from the 'Promoter' category to the 'Public' category under SEBI's Regulation 31A. Post-reclassification, promoter holding drops from 74.62% (44,51,500 shares) to 71.27% (42,52,000 shares), while public holding rises from 25.38% to 28.73%. A total of 1,99,500 shares (3.35%) have moved out of the promoter category, with the largest individual outgoing promoter being Mr. Pradeep Mehta at 2.23%. Several outgoing promoters already held zero shares, meaning the change is largely administrative.
Promoter control remains firmly in place at over 71%, so there is no change in management or control. The modest increase in public float (about 3.35%) may marginally improve share liquidity and trading interest, but is unlikely to move the stock price meaningfully.