Further to our intimation dated 26th April 2025 regarding the receipt of request(s) for re-classification from the 'promoter and promoter group' category to 'public' category shareholders, ....
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Awaiting price reaction for this filing.
NHC Foods Ltd's Board, at its meeting on 3rd May 2025, approved the reclassification of 5 members of the promoter and promoter group — Apoorva Himatlal Shah, Apar Apoorva Shah, Alpa Apoorva Shah, Aneri Apoorva Shah, and Apoorva H Shah (HUF) — from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI Regulation 31A. Notably, all 5 outgoing promoters already hold zero equity shares (0%) in the company, and have confirmed they exercise no control, hold no special rights, and are not on the board or in key management. The reclassification still requires approval from BSE before it becomes effective.
This is a purely administrative/formal reclassification since the outgoing promoters hold no shares and have no influence on the company — there is no change in actual promoter shareholding or voting power, so no material impact on shareholders or stock price is expected.