Intimation Under Regulation 31A (10) of SEBI (LODR) Regulations 2015- Receipt of Approval for re-classification of Promoter/Promoter Group as Public
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BSE has approved the reclassification of Sudhir Anandraj Ostwal, Sudhir Ostwal and Sons HUF, and Shalini Sushil Jain from the 'Promoter/Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A(10). Notably, all three outgoing promoters already held 0 shares in the company, so this is a formal/administrative reclassification with no change to actual shareholding. Post-reclassification, promoter holding remains at 15,58,61,170 shares (52.46%) and public holding at 14,12,38,830 shares (47.54%), exactly the same as before.
This is a procedural cleanup with no real impact on the shareholding pattern or the stock, as the outgoing promoters already had zero shares. Shareholders should see no change in promoter control or voting power from this announcement.