Extract of Minutes of Meeting of Board of Directors pursuant to Regulation 31A of SEBI (LODR) Regulations, 2015.
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The Board of Directors of Omnitex Industries India Ltd approved reclassifying four members from the Promoter/Promoter Group category to the Public category under Regulation 31A of SEBI LODR Regulations. The persons are Narendra Dalmia, Manorma Dalmia, and Sangeeta Dalmia (each holding 0 shares) and Gautam Narendra Dalmia (holding 18,980 shares or 0.45%). The outgoing promoters historically held 27.16% of the company, but their stake has gradually declined to just 0.45% today, and they are no longer involved in the company's business or decisions. As of the date of the filing, the total Promoter/Promoter Group holding in the company stands at 38.53%, which would marginally reduce to about 38.08% after this reclassification. The reclassification is subject to approval from BSE and other regulatory authorities.
This is a minor corporate housekeeping move with negligible impact on shareholding — only 0.45% is shifting from promoter to public classification. It signals a formal exit of these promoter family members from the promoter category, while the overall promoter group remains well below 50% at 38.53%, indicating limited controlling stake.