Scrutinizers report inrespect of Postal ballot for reclassification of M/s Akshath Finvest and Properties Private Limited from Promoter Group Category to Public Category
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Awaiting price reaction for this filing.
Sandu Pharmaceuticals conducted a postal ballot (e-voting from Oct 20 to Nov 18, 2025) to reclassify M/s Akshath Finvest and Properties Private Limited from the 'Promoter/Promoter Group' category to the 'Public' category. Akshath Finvest holds 4,94,182 equity shares, representing 5.12% of the company's paid-up share capital. The resolution was passed with requisite majority, receiving 51,99,357 votes (92.02%) in favour from 36 members, with only 4,50,663 votes (7.98%) from 3 members against. The promoter group voted unanimously (100%) in favour, while public non-institutional shareholders approved it with 78.38% majority. The reclassification remains subject to BSE approval, after which the shareholding pattern will be updated in the next quarter.
This is largely a procedural/regulatory action to formally move a small (5.12%) promoter-group entity into the public category. No change in actual shareholding occurs, and Akshath Finvest has no board representation, control, or KMP role. Marginal impact expected on share price; the formal exit from the promoter group may slightly change promoter/promoter-group holding disclosure in future filings.