Intimation of approval received for Reclassification of Promoters under Regulation 31A
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Pratik Panels Ltd has received BSE approval to reclassify two individuals — Pankaj Chandrakant Mishra and Devyani Pankaj Mishra — from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI's Regulation 31A. The approval was granted on January 6, 2026, based on the company's application dated November 18, 2025. The company first approached BSE regarding this matter back on September 19, 2022. As a result, these two individuals will no longer be treated as promoters of the company going forward. The reclassification does not automatically change shareholding; it only changes their classification status.
The promoter group of Pratik Panels shrinks by two members, which may slightly reduce the perceived promoter control or influence in the company. For retail investors, this is mainly a structural/classification change and typically has limited direct impact on stock price, though it can affect how ownership and governance are viewed.