We wish to inform that the Company has decided to withdraw the Reclassification Application of Kakunda Investment Private Limited from the Promoter Group to the Public Group
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Awaiting price reaction for this filing.
Modern Insulators Ltd has decided to withdraw its earlier application to reclassify Kakunda Investment Private Limited from the Promoter Group to the Public Group. The company had initially filed this reclassification application after board approval on August 14, 2025, but has now chosen to pull it back. As a result, Kakunda Investment Private Limited will continue to be treated as part of the promoter group. The intimation was signed by Executive Director Animesh Banerjee on October 16, 2025.
This decision keeps Kakunda Investment Private Limited within the promoter group, meaning there is no change to the promoter shareholding classification. Shareholders may view this as a status-quo move with no immediate impact on ownership structure or share price.