Omaxe Limited has informed the Exchange regarding ''Intimation of request received for Reclassification from the "Promoter/Promoter Group" to "Public" category'.'.
OMAXE · price
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Awaiting price reaction for this filing.
Omaxe Limited has informed the exchanges that Mr. Jai Bhagwan Goel, one of its promoter shareholders, has applied to be reclassified from the 'Promoter/Promoter Group' to the 'Public' category under SEBI Regulation 31A. Mr. Goel holds 9,98,650 equity shares, representing just 0.55% of the company's paid-up equity share capital, and has had no role in the company since resigning from the board on August 4, 2018. He confirmed he does not exercise any control, has no board representation, no special rights, and is not a wilful defaulter or fugitive economic offender. Since his holding is less than 1%, no shareholder approval (general meeting) is required for this reclassification. The company will now process the request as per SEBI LODR Regulations, 2015.
This is a procedural, low-impact filing — the stake involved is very small (0.55%) and the individual has already been inactive since 2018. Promoter group shareholding remains well above 50% with no material change in control or ownership structure, so it is unlikely to have any meaningful effect on the stock price.