Disclosure of intimation of request received for reclassification from Promoter & Promoter Group to Public Category
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
All six promoter and promoter group members of Megamont Ltd — Ajay Brijlal Anand, Faze Three Ltd, Instyle Investments Pvt Ltd, Vishnu Ajay Anand, Rashmi Ajay Anand, and Rohina Ajay Anand — have formally requested reclassification from 'Promoter & Promoter Group' to 'Public' category. Each of them currently holds 0 shares in the company as on March 31, 2026. The trigger was a Share Purchase Agreement under which Faze Three Ltd sold 9,00,000 equity shares to acquirers Ms. Maddukuri Mounica and Mrs. Minal Patil, leading to a mandatory open offer under SEBI Takeover Regulations that has now been completed. As a result, the company will have no promoter group, and control effectively shifts to the new acquirers. The Letter of Offer had already disclosed the outgoing promoters' intention to exit the promoter category.
This is a complete change of control at the promoter level — Megamont Ltd will have zero promoter shareholding once reclassification is approved by the stock exchange. Existing public shareholders should note that the new controlling shareholders (Maddukuri Mounica and Minal Patil) now hold the key influence, which may affect future strategic decisions. The stock could see short-term volatility as the market digests the loss of any residual promoter stability, though the open offer process has already concluded.