The Company has received, a letter dated April 25, 2025 ('Request Letter') from Apoorva Himatlal Shah, Apar Apoorva Shah, Alpa Apoorva Shah, Aneri Apoorva Shah and M/s. Apoorva H Shah (HUF) ....
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NHC Foods Ltd has received a request letter dated April 25, 2025 from five members of the promoter/promoter group — Apoorva Himatlal Shah, Apar Apoorva Shah, Alpa Apoorva Shah, Aneri Apoorva Shah, and M/s. Apoorva H Shah (HUF) — seeking reclassification from the 'promoter and promoter group' category to the 'public' category under SEBI's Regulation 31A. As on the date of the request, all five individuals/HUF hold zero equity shares in the company (0% shareholding each). Apoorva Himatlal Shah and Apar Apoorva Shah have already resigned as Executive Directors and are no longer involved in management. The applicants have confirmed they hold no voting rights above 10%, exercise no control, have no board representation, are not wilful defaulters or fugitive economic offenders, and have no pending regulatory action against them. The reclassification is subject to approval by the Board of Directors and BSE Limited.
This is a procedural housekeeping move: the outgoing promoter group members already hold no shares and have no management role, so there is no real change in ownership or control. Shareholders are unlikely to see any material impact on the stock price or company operations from this reclassification.