Maxgrow promoter trims 2.82% stake to meet public shareholding rule

Promoter Metal Industrial Pte Ltd sold 11,25,513 shares (2.82% of paid-up capital) to public shareholder Sadhana Uday Chourasia via an off-market transfer. Promoter holding drops from 92.82% to 90.00%, while public shareholding rises from 7.18% to 10.00%. The transfer was carried out to comply with the Minimum Public Shareholding (MPS) norm that mandates at least 10% public float.