Pursuant to Regulation 30 read with Regulation 31A(8) of SEBI Listing Regulations this is to inform you that with reference to the application made by the Company on January 10, 2025 in ....
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NB Footwear Ltd has received BSE approval to reclassify 8 promoter and promoter group entities as public shareholders, effective from the BSE letter dated April 2, 2025. Only one of these entities, Rajen K Desai, actually held shares — 114,900 equity shares (0.85% of paid-up capital). The remaining 7 entities held zero shares. As a result, promoter shareholding has shifted from 37.89% to 37.04% of the company's equity, while public shareholding has correspondingly increased from 62.11% to 62.96%. The reclassification was applied for on January 10, 2025, and has now been formally approved under SEBI Listing Regulations 31A. No change in actual share ownership has occurred — only the categorization has shifted.
This is a technical reclassification with negligible impact on shareholding structure, as the promoter group remains well below 50% and there is no change in beneficial ownership. Retail investors are unlikely to see any material effect on the stock price or governance.