Reclassification of promoters to public
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Oxygenta Pharmaceutical Ltd has received shareholder approval (via postal ballot from November 12 to December 11, 2025) to reclassify four members of the promoter/promoter group as 'Public' shareholders. The outgoing promoters — Mr. Sai Sudhakar Vankineni (0.08%), Ms. Snigdha Vankineni (1.47%), Mr. Sumanth Simha Vankineni (0.93%), and Mrs. Jhansi Rani Vankineni (0.07%) — together hold 9,42,700 equity shares (2.55% of paid-up capital). BSE had already granted its no-objection on October 16, 2025. The outgoing promoters have confirmed they will not hold more than 10%, will not exercise control, will have no board representation, and are not wilful defaulters or fugitive economic offenders.
The promoter group's effective shareholding will reduce by 2.55% as these shareholders move to the public category, which may slightly increase the public float. This is a structural reclassification rather than a sale, so there is no immediate impact on share price, but it signals a reduction in promoter influence in the company.