Corporate Announcement under Regulation 31A (8) (c)
MCCHRLS-B · price
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Mac Charles India Ltd has submitted an application to BSE under SEBI LODR Regulation 31A(8)(c) seeking reclassification of Chatrabhuj Bassarmal Pardhanani from the 'Promoter' category to the 'Public' category. The application was originally filed on 14 November 2024, and this intimation was made on 16 May 2025. No specific details on shareholding percentage or reasons for reclassification were disclosed in the filing.
The reclassification of a promoter to public may slightly reduce the recognised promoter group shareholding, but does not by itself indicate any change in actual ownership. Shareholders should await further clarity on the impact on the promoter shareholding percentage and any change in control dynamics.