The Board of Directors of the Company has approved the request received from the certain members of the Promoter Group for reclassification from Promoter Group Category to the Public category, in accordance with Regulation 31A of the Listing Regulations, subject to approval of the Stock Exchanges where the Equity Shares of the Company are listed, the Shareholders of the Company and such other regulatory or statutory authorities as may be required.
MOTILALOFS · price
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The Board of Directors approved the audited financial results for Q4 and FY 2025-26. Consolidated revenue from operations was Rs 9,37,397 lakhs for the year, with net profit after tax of Rs 2,04,342 lakhs. Key appointments include Mr. Sunil Goyal and Mrs. Smita Bhagat as Additional Independent Directors effective July 1, 2026. The Board also approved a request from 11 members of the Promoter Group (holding a total of 24,45,412 shares representing 0.42% of shareholding) to be reclassified from 'Promoter Group' to 'Public' category under SEBI Regulation 31A. These members confirmed they are financially, managerially, and operationally independent from the continuing promoters. The reclassification is subject to shareholder and regulatory approvals.
The reclassification has minimal impact on control and governance since continuing promoters hold 67.12%. The move is largely administrative, reflecting the independent status of reclassifying members rather than a change in actual shareholding or company control.