intimation of submission of application to Bombay Stock Exchange (BSE) for reclassification from Promoter Group category to Public category
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Awaiting price reaction for this filing.
Sandu Pharmaceuticals has applied to BSE to reclassify Akshath Finvest and Properties Private Limited from the 'Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. Akshath Finvest currently holds 4,94,182 equity shares, representing 5.12% of the company's shareholding. The application was submitted on 30 May 2025. Once approved by BSE, this entity will no longer be counted as part of the promoter group.
This reduces the promoter group's shareholding by 5.12%, increasing the public shareholding. It is an administrative reclassification, not a share sale, so there is no immediate cash inflow or change in actual ownership — just a change in how the holding is categorised.