Board of Directors of the Company in its meeting held today i.e., May 03, 2025 had inter-alia, considered and approved the following matters: 1. Approved reclassification request from ....
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NHC Foods Ltd's board, at its meeting on May 3, 2025, approved the reclassification of five members of the promoter and promoter group (Apoorva Himatlal Shah, Apar Apoorva Shah, Alpa Apoorva Shah, Aneri Apoorva Shah, and M/s. Apoorva H Shah HUF) from the 'Promoter and Promoter Group' category to the 'Public Shareholder' category under SEBI Regulation 31A. Notably, all five outgoing promoters hold zero equity shares and zero percent shareholding in the company, and the board confirmed they exercise no control over the company. The board also approved a draft postal ballot notice (to be dispatched on May 5, 2025) to seek shareholder approval for this reclassification, and appointed Mr. Dinesh Kumar Deora, Practicing Company Secretary, as the scrutinizer for the postal ballot process.
This is a largely procedural/formal reclassification — since the outgoing promoters hold no shares, there is no actual change in the shareholding structure or voting power. The reclassification still requires BSE approval before becoming effective, but it should have minimal impact on the stock price or shareholder value.