Reclassification request by a Promoter under Regulation 31A of SEBI (LODR) Regulations, 2015
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Four individuals from the Promoter Group of Nimbus Projects Ltd have applied to be reclassified as public shareholders. The applicants are Nem Chand Jain (5,200 shares, 0.03%), Sunil Jain (1,000 shares, 0.07%), Anil Jain (800 shares, 0.00%), and Raj Kumar Agarwal (1,800 shares, 0.01%). Combined, they hold approximately 8,800 shares or 0.11% of the company's paid-up capital. All four have confirmed they do not hold more than 10% voting rights, have no board representation, no control over company affairs, and are not wilful defaulters or fugitive economic offenders. The company will seek SEBI and stock exchange approval for the reclassification. The request is made under Regulation 31A(3) of SEBI LODR Regulations, 2015.
The reclassification has minimal impact on shareholding structure as the total promoter stake being reclassified is only about 0.11%. This is a routine regulatory housekeeping matter where inactive promoter group members exit the promoter category.