Prozone Realty Limited has informed the Exchange regarding 'Revised Intimation of receipt of No-objection letter for reclassification from 'Promotor and promoter group' category to 'Public' category shareholders in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended ("Listing Regulations")'.
PROZONER · price
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Awaiting price reaction for this filing.
Both BSE and NSE have granted no-objection to Prozone Realty for reclassifying Mr. Nigam Patel and Nigam Patel Family Trust from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. The reclassification covers only 2,783 equity shares, representing just 0.001% of the company's share capital. As a result, promoter holding remains effectively unchanged at 22.72% (3,46,62,090 shares) and public holding stays at 77.28% (11,79,40,793 shares). This filing is a revised intimation because BSE revised the letter nomenclature from 'Approval Letter' to 'No-Objection Letter' in its June 27, 2025 communication.
This is a purely procedural reclassification of a negligible stake with no meaningful change to the promoter-public shareholding split. Shareholders should not expect any material impact on the stock price or company control from this filing.