Promoter group members seek reclassification to public category
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Vellora Impact Ltd (formerly Pratiksha Chemicals) received requests from 12 promoter group members seeking reclassification to public category under SEBI Regulation 31A. Only Mr. Kantilal Patel (1,74,010 shares, 3.12 percent) and Mr. Mukesh Shah (19 shares) hold any equity; the rest hold zero shares. Two members passed away and one entity (H B Builders) was struck off from the Registrar of Companies. Reclassification needs Board and BSE approval.
Marginal reduction in promoter shareholding as about 3.12 percent moves to public category, slightly boosting public float. Awaiting Board and BSE approval.