We wish to inform you that Company has received no objection form BSE for reclassification of promoters under Regulation 31A of SEBI(LODR) regualtion 2015 same is being filed with exchange ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 3.8 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mid India Industries has received a no-objection letter from BSE for the reclassification of certain individuals or entities from the 'promoter' category to a different category (typically public shareholders) under Regulation 31A of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company is now filing this approval with the stock exchange as a disclosure. The reclassification was sought by the company or the concerned promoter group members, and BSE has cleared it. This is a procedural regulatory step and does not involve any change in the actual shareholding of the company.
Reclassification under Regulation 31A generally reduces the size of the promoter group by moving certain members to the public category, which may marginally increase the public float. It has no direct impact on the share price, but signals that the company is updating its promoter shareholding classification to align with current regulatory norms.