Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
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Mysore Petro Chemicals has informed BSE about the passing of Shri Madan Mohan Dhanuka, a member of the promoter group, on 19th April 2025. In line with SEBI Listing Regulations, he will cease to be part of the promoter/promoter group of the company. The company conveyed condolences and noted his legacy will continue to inspire. No financial details, shareholding percentages, or succession plans have been disclosed in this filing.
While the loss of a promoter is sentiment-negative in the short term, the formal cessation from the promoter group (per Regulation 31A(6)(c)) could lead to a change in the company's promoter shareholding structure. Investors should watch for further disclosures on the resulting shareholding pattern and any changes in control.