The shareholders through Postal Ballot (2025-2026) approved the re-classification of Mr A V Palaniswamy from Promoter to Public. S Aravinthan Company Secretary
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National Fittings Limited has received shareholder approval through a postal ballot (ended 24.12.2025) to reclassify Mr A V Palaniswamy from the Promoter category to the Public category, under Regulation 31A of the SEBI LODR Regulations, 2015. The resolution was passed with overwhelming support — 43,09,118 votes (99.99%) in favor and just 3,152 votes (0.01%) against. No invalid votes were recorded. This is a regulatory reclassification event and does not involve any change in the actual number of shares held by Mr Palaniswamy, only a change in his categorization.
The promoter group of the company shrinks by one member on paper, marginally increasing the public shareholding classification. For retail investors, this is a routine corporate governance disclosure and is unlikely to have any meaningful impact on the stock price or the actual shareholding structure.