Members are hereby informed that BSE has approved Re-classification of Promoters. Please find attached BSE Approval Letter in the matter.
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Prime Capital Market Ltd has received BSE approval to reclassify three promoter/promoter group entities as public shareholders under SEBI LODR Regulation 31A. The entities being reclassified are Zenser Merchandise Pvt Ltd (2.50%), Bhuwania Vinimay Pvt Ltd (2.08%), and Vimal Joshi (0.32%), together holding 4,90,351 shares (4.90%). Post-reclassification, promoter holding drops from 4.90% to 0%, and public holding rises to 100% of share capital. This means the company will have no identified promoters going forward.
The company effectively loses its promoter designation entirely, moving to a fully public shareholding structure. This is a governance event rather than a financial one and is unlikely to have a material impact on the stock price, though it may affect eligibility for certain promoter-linked benefits or restrictions going forward.