Prozone Realty Limited has informed the Exchange regarding ''.
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 0.2 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.
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The board of Prozone Realty, at its meeting on 28th May 2025, approved the reclassification of Mr. Nigam Patel and Nigam Patel Family Trust from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI's Regulation 31A. The reclassification requests were originally received by the company on 27th May 2025. Mr. Nigam Patel holds zero shares, while the Nigam Patel Family Trust holds just 2,783 shares, which is 0.001% of the company's total shares as on the request date. The applicants confirmed they do not hold more than 10% voting rights, do not exercise control, have no board representation or special rights, and are not wilful defaulters or fugitive economic offenders. The reclassification is still subject to approval from BSE and NSE, and any other necessary regulatory clearances.
This is a procedural governance change with negligible financial impact, as the combined shareholding being reclassified is only 0.001%. It is unlikely to materially affect stock price or shareholder value, but it formally shrinks the promoter group of the company.