Omaxe Limited has informed the Exchange regarding 'Disclosure under Regulation 31A(8)(b) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015'.
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Omaxe Limited's board, at its May 15, 2025 meeting, reviewed four requests from promoter group members seeking reclassification as 'Public' shareholders. The board approved three requests from Mr. Sunil Goel, Sunil Goel HUF, and Mrs. Seema Goel (all holding 0 shares directly) because they do not exercise control over the company — they collectively hold only 3.22% in Guild Builders Pvt Ltd (the main holding company with 68.45% voting rights in Omaxe) and are no longer connected to director Mr. Rohtas Goel per a Family Settlement Agreement. However, the board rejected the request from Mr. Jai Bhagwan Goel (holding 9,98,650 shares, 0.55% of Omaxe) because he and related persons collectively hold 83.24% in Guild Builders Pvt Ltd, giving them indirect control over Omaxe; also, his brother Mr. Rohtas Goel remains on the board. This is the second time Mr. Jai Bhagwan Goel's request has been turned down — members had earlier rejected a similar application in May 2024. The promoter and promoter group currently hold 74.14% of Omaxe equity, with the approved reclassifications to be sent to BSE and NSE for no-objection.
For shareholders: This is mainly an internal housekeeping matter with limited direct impact on stock price. The three approved reclassifications involve shareholders with 0% direct stake, so promoter holding remains effectively unchanged at 74.14%. The rejection of Mr. Jai Bhagwan Goel's request reinforces that control of Omaxe remains firmly with the Rohtas Goel family via Guild Builders (68.45%), signalling stability of management and no governance fragmentation.