Prozone Realty Limited has informed the Exchange regarding Intimation of Receipt of No-Objection Letter for Reclassification from ''Promotor and Promoter Group'' Category to ''Public'' Category Shareholders.
PROZONER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.2 pts more than its Realty peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Prozone Realty Limited has received approval from both BSE and NSE (dated June 24, 2025) for reclassifying Mr. Nigam Patel and the Nigam Patel Family Trust from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI's Regulation 31A. The total shares involved are just 2,783 shares (0.001% of equity). Post-reclassification, promoter holding stands at 3,46,62,090 shares (22.72%) while public holding rises marginally to 11,79,40,793 shares (77.28%). The reclassification is a procedural change in shareholding classification and does not involve any actual transfer or sale of shares. The promoter holding percentage remains essentially unchanged at 22.72%.
This is a routine reclassification with negligible impact on shareholding structure—only 2,783 shares (0.001%) are moving categories. Shareholders should note that the promoter group remains well below the 50% threshold, and no material change in control or ownership is implied. Stock price is unlikely to be affected by this announcement.