Approval Letter for Reclassification of shareholders under Regulation 31A of SEBI LODR Regulations 2015.
MCCHRLS-B · 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 Mac Charles India Ltd's application (originally filed on 14 November 2024) to reclassify a promoter as a public shareholder. The outgoing promoter, C B Pardhanani, held 0 shares (0%), so the reclassification is purely procedural with no change in the actual shareholding pattern. Promoter holding remains at 96,65,787 shares (73.78%) and public holding stays at 34,35,265 shares (26.22%) both before and after the reclassification. The company will now forward this approval letter to the depositories and its Registrar and Transfer Agent (RTA) for necessary action.
This is a housekeeping/regulatory action with no material impact on shareholding structure or stock price, as the outgoing promoter already held zero shares. It simply removes a name from the promoter category without altering control or public float.