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Awaiting price reaction for this filing.
The company conducted a postal ballot (e-voting only) from October 9 to November 7, 2025, to seek shareholder approval for reclassifying certain persons from the Promoter/Promoter Group category to the Public category. The promoter group voted 100% in favour with 25.06 lakh votes out of 30.64 lakh held (81.81% turnout). Public institutional bodies voted 100% in favour with 2.85 lakh votes polled (33.85% turnout). Public non-institutional shareholders were divided, with 52.89% (69,237 votes) in favour and 47.11% (61,676 votes) against, on 6.65% turnout. No invalid votes were recorded and the resolution was carried with the requisite majority, counter-signed by Chairman Kishor Shah.
Approval means the reclassified persons will now be treated as public shareholders, increasing the public shareholding float and reducing the promoter group's reported stake in the company. This is typically a neutral-to-mildly positive structural change that improves public float and liquidity perception, with no direct impact on share price.