Rolex Rings Limited has informed regarding Disclosure of material issue
ROLEXRINGS · price
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Awaiting price reaction for this filing.
Rolex Rings Limited has formally reclassified two members from its Promoter & Promoter Group category to the Public category under SEBI's Listing Regulations. The reclassification — covering Mr. Hemal Paresh Madeka and Mr. Sanjay Bhagwanji Bole — was first approved by shareholders via postal ballot on March 1, 2026. The change has now been effected in the depository system and confirmed by the company's registrar (MUFG Intime India). The document does not disclose the exact number of shares or percentage of holdings involved in the reclassification.
This move reduces the size of the company's promoter group, potentially increasing the public float and free trading shares available in the market. Shareholders should watch for future shareholding pattern filings to understand the actual change in promoter and public holdings.