Excel Paints seeks reclassification from promoter to public category
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Excel Paints Private Limited, holding 2,800 shares (0.09%), has applied to BSE for reclassification from the promoter category to public under SEBI Regulation 31A. Since the holding is below 1 percent, shareholder approval is not required. The Board approved the request on 28 May 2026. Post reclassification, promoter holding drops marginally from 37.14 percent to 37.05 percent and public holding rises from 62.86 percent to 62.95 percent. An application fee of Rs 54,000 has been paid to BSE.
Very small technical shift of 2,800 shares from promoter to public, leaving equity structure largely unchanged. Negligible impact on stock.