In reference with the application submitted for the reclassification under Regulation 31A of SEBI (LODR) Regulations, 2015, the company had received an approval letter dated July 24, 2025 ....
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BSE has approved PNGS Gargi Fashion Jewellery's application to reclassify three promoter group members — Prafulla Dharmaraj Wagh, Shrikant Digambar Kuber, and Satish Digambar Kuber (holding 2,13,514 shares or 2.06% combined) — from 'Promoter/Promoter Group' to 'Public' category under SEBI LODR Regulation 31A. Post-reclassification, promoter holding decreased from 70.21% (72,72,553 shares) to 68.15% (70,59,039 shares), while public holding rose from 29.79% to 31.85%. BSE also issued a warning letter for delayed disclosure of the original application, which was submitted to the exchange on July 20, 2024 but disclosed only on July 23, 2024, breaching the 24-hour disclosure rule under Regulation 31A(8)(c). The company has been advised to place the warning before its Board and take corrective measures to prevent recurrence.
Promoter holding has marginally reduced by about 2 percentage points, giving public shareholders a slightly larger stake. The change is procedural and unlikely to materially affect stock price, though the warning letter flags a minor compliance lapse in disclosure timing.