Saraswati Saree Depot Limited has informed the Exchange about General Updates
SSDL · price
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Saraswati Saree Depot Limited has submitted an application to BSE and NSE on July 10, 2025, seeking approval to reclassify 17 individuals/entities from the 'Promoter Group' category to the 'Public' category. This follows a Board approval given on July 5, 2025, based on a reclassification request received from these members on July 3, 2025. Notably, all 17 applicants listed in Annexure A currently hold zero equity shares in the company (0.00% shareholding each). The reclassification is subject to approval from the stock exchanges and other necessary regulatory consents under SEBI Listing Regulations.
Since all the applicants being reclassified currently hold 0% stake, there is no direct impact on the company's promoter shareholding percentage or stock price. The move is largely administrative and cleans up the promoter group list, which could improve clarity around the actual promoter shareholding structure for investors.