We wish to inform you that with reference to the application submitted to BSE Limited for reclassification of outgoing Promoters/Promoters Group into Public Category, we received the approval ....
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Miven Machine Tools has received BSE approval to reclassify three entities — Mr. Vikram R Sirur, Mrs. Alka V Sirur, and M/s. NA Sirur (Hubli) Pvt. Ltd — 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 (0% stake) in the company, making this a formal/technical reclassification rather than a change in ownership. The company's promoter holding remains unchanged at 75% (22,52,600 shares) and public holding stays at 25% (7,50,900 shares), both before and after the reclassification. The original application for this reclassification was filed on 1st March 2024, and BSE's approval letter was dated 17th June 2025.
This is a housekeeping reclassification with no real impact on shareholding pattern or stock price — the outgoing promoters already held zero shares. Investor base and promoter control remain exactly the same, so there is no meaningful change for existing shareholders.