Demise of Shri Tekchand Shewakramani, Promoter of the company
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Ras Resorts & Apart Hotels Ltd has informed BSE about the demise of Shri Tekchand Shewakramani, one of its promoters, holding 6,95,188 shares (17.51%) jointly with Shri Vishamber Shewakramani. In accordance with SEBI Regulation 31A, Shri Tekchand Shewakramani will cease to be classified as a promoter of the company. The jointly held shares have been transmitted to Shri Vishamber Shewakramani, the surviving joint holder, and the shareholding pattern will be updated accordingly. No change in actual shareholding occurs since the shares move from one joint holder to the surviving joint holder, though the promoter list will be revised.
This is a procedural disclosure with no direct material impact on the company's operations or shareholding. The shares remain within the promoter family, so control and promoter group composition remain largely unchanged, though sentiment may see a brief negative reaction due to the loss of a key promoter.