Pursuant to Regulation 31A(3)(a)(i) read with Regulation 30 of SEBI (LODR ) Reg , 2015 , we wish to inform you that Company has received letters from certain promotors seeking re- classification ....
Awaiting price reaction for this filing.
RCC Cements Ltd has informed BSE that five of its promoters have requested reclassification from 'Promoter and Promoter Group' to 'Public' category. The promoters seeking this change are Mr. Yogesh Jain (0 shares), Ms. Anupreksha Jain (68,500 shares, 1.22%), Yogesh Jain HUF (54,000 shares, 0.96%), Focus Impex Pvt Ltd (0 shares), and Ms. Preeti Jain (0 shares), together holding 1,22,500 shares or 2.18% of paid-up capital. The request stems from a court-mediated settlement dated 23 March 2024 in Cr.Rev.381/2023, where RCC agreed to pay Rs 70 lakhs to settle disputes over 600,000 previously extinguished shares and transfer of 450,600 shares. The Delhi High Court order dated 6 August 2025 in Cont. Cas [c]1532/2024 directed the removal of these names from the promoter list.
This is an administrative reclassification arising from a legal settlement rather than a new investment decision. It reduces the promoter group's shareholding by 2.18%, with these shares moving to the public category, but no shares are being bought or sold in the market as part of this announcement. Shareholders should note the underlying legal history but this filing itself is unlikely to move the stock price materially.