Responsive Industries Limited has informed the Exchange regarding 'Withdrawal of reclassification application under Regulation 31A of SEBI LODR Regulations'.
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Efficient Builders LLP, part of the Promoter Group of Responsive Industries, has withdrawn its earlier application to be reclassified from the 'Promoter Group' category to the 'Public' category. The original reclassification request dated May 2023 had been approved by shareholders via postal ballot and was pending with the stock exchanges. Efficient Builders LLP has decided to remain classified as a Promoter Group entity for the time being. The other entities (Mr. Atit Agarwal, Mrs. Swati Agarwal, and Mavi Business Ventures LLP) who were part of the original 2023 reclassification request are not mentioned as withdrawing.
This is an administrative update with no direct impact on share price or shareholder value. It means the promoter group structure of Responsive Industries remains unchanged for now, and Efficient Builders LLP continues to be treated as a promoter-related entity for regulatory purposes.