Request for Reclassification of "Promoter and Promoter Group"
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Note: The filing document references 'Hari Govind International Limited' as the company, which may reflect a name change or promoter-group related entity of Popees Baby Care India Ltd (Scrip Code: 530565). Two members of the existing promoter group — Jugal Kishore Maniyar (HUF) and Mrs. Sunita Maniyar — have applied to be reclassified as public shareholders after selling their stakes under a Share Purchase Agreement dated May 14, 2025, which triggered an Open Offer. Jugal Kishore Maniyar (HUF) transferred all 18,75,000 shares it held (now Nil) to Mr. Shaju Thomas and Ms. Linta Purayidathil Jose. Mrs. Sunita Maniyar transferred 11,25,000 shares to Mr. Shaju Thomas and retains 7,50,000 shares (8.80% of equity capital). Both applicants have resigned from the Board and confirmed they no longer exercise control over the company.
This reflects a change of control at the promoter level, with Mr. Shaju Thomas (now Managing Director) emerging as the new dominant shareholder. Existing promoters are exiting, which could improve public float and governance, though the new promoter concentration may attract attention. Shareholders should monitor the Open Offer terms and any further disclosures on the shareholding pattern.