Saraswati Saree Depot Limited has informed the Exchange about General Updates
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Awaiting price reaction for this filing.
Saraswati Saree Depot Limited has informed the exchanges that on July 3, 2025, it received letters from 17 individuals and entities seeking reclassification from the 'Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. Notably, all 17 applicants currently hold 0 equity shares in the company. Each applicant has confirmed they have no involvement in day-to-day operations, no board representation, no control over company affairs, and do not hold more than 1% voting rights (along with related persons). The reclassification is subject to approval from BSE and NSE. The list includes names such as Mohinibai Ahuja, Kavita Ahuja, Jaykumar Dharmadasani, Rajakumar Dharamdasani, Doulatram Nagwani, Gopichand Sevalani, and others.
Since all 17 applicants hold zero shares, this reclassification has no real impact on actual shareholding or voting rights — it is largely a housekeeping/categorisation update. Shareholders are unlikely to see any meaningful change in promoter holding percentages or control of the company from this filing.