Mittal Life Style Limited has informed the Exchange regarding 'Receipt of request seeking re-classification from Promoter category to Public category'.
MITTAL · price
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Mittal Life Style Limited has received a request from one of its promoters, JK Infrasol Private Limited (formerly JK Denim Fab Private Limited), to be reclassified from the 'Promoter' category to the 'Public' category under SEBI's Regulation 31A. The requesting entity currently holds 0% (zero) of the company's total paid-up equity share capital, meaning it no longer has any economic stake as a promoter. JK Infrasol has confirmed it does not exercise control, does not have board representation, and is not a willful defaulter or fugitive economic offender. The request will be considered by the Board of Directors at the next board meeting.
This is largely a procedural reclassification with no material impact on shareholding or stock price, since the entity already holds zero shares. It simply updates the company's official records to reflect the true status of this promoter entity.