Intimation for submission of re-classification application under listing regulation 31A of SEBI (LODR) Regulations, 2015
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Awaiting price reaction for this filing.
Pratik Panels Ltd has submitted an application to BSE on 18th November 2025 seeking re-classification of Mr. Pankaj Mishra and Mrs. Devyani Mishra from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. This means these individuals will no longer be classified as promoters of the company and will be treated as regular public shareholders instead. No details about change in actual shareholding percentage or any sale of shares were disclosed in this filing. The application awaits approval from the stock exchange and SEBI.
This is a governance classification change — these two individuals will lose their promoter status, which could signal a reduction in their control or involvement with the company. For retail investors, the key thing to watch is whether this is followed by an actual reduction in their shareholding stake.