Intimation of receipt of request(s)for reclassification of "Promoter and Promoter group".
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hari Govind International Limited (scrip code 530565) has informed BSE that two members of its promoter group, Jugal Kishore Maniyar (HUF) and Mrs. Sunita Maniyar, have applied to be reclassified from 'Promoter/Promoter Group' to 'Public' category under SEBI Regulation 31A. This follows a Share Purchase Agreement dated May 14, 2025, with Mr. Shaju Thomas (existing Managing Director) and Ms. Linta Purayidathil Jose, who acquired shares from the selling promoters. Post-transfer, Jugal Kishore Maniyar (HUF) holds nil shares, while Mrs. Sunita Maniyar retains 7,50,000 equity shares (8.80% of paid-up capital). Both have resigned from their board positions, and a consequent Open Offer was made to public shareholders.
This signals a change in control of the company, with the existing Managing Director Shaju Thomas consolidating ownership through the SPA. The outgoing promoter group is exiting nearly entirely, which likely triggered the Open Offer for public shareholders and may reshape the long-term ownership and governance of the stock.