Nimbus Projects Limited has informed the Exchange regarding 'Request Seeking Reclassification Of Status From "Promoter GroupCategory" To "Public Category"'.
NIMBSPROJ · price
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Four persons formerly classified under the Promoter Group - Nem Chand Jain, Sunil Jain, Anil Jain, and Raj Kumar Agarwal - have applied to be reclassified as public shareholders under SEBI Regulation 31A. Combined, they hold only 8,800 equity shares representing approximately 0.11% of the company's paid-up capital. Each applicant has confirmed they hold less than 10% voting rights, exercise no control over the company, have no board representation, and are not involved in company operations. The reclassification is subject to approval from stock exchanges and SEBI.
The impact on the company's shareholding structure is minimal since the total promoter group stake being reclassified is negligible at around 0.11%. This appears to be a housekeeping matter to regularize the status of persons with very small or no actual shareholding in the promoter category.