Approval of Board of Directors for the re-classification application received from promoter and promoter group, seeking re-classification from ''Promoter & Promoter Group'' to ''Public Category''.
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Awaiting price reaction for this filing.
The Board of Directors of Sarthak Industries, at its meeting on August 12, 2025, approved an application received from five members of the promoter and promoter group seeking reclassification to the 'Public Category' under Regulation 31A of SEBI Listing Regulations. The total shares held by these members amount to just 5,467 shares, representing a negligible 0.06% of the company's share capital. Notably, two of the five applicants — Shweta Shahra and Mahakosh Amusement Pvt. Ltd. — hold zero shares. This is a procedural/intimation filing; the actual reclassification still requires stock exchange and SEBI approval.
The financial impact is minimal as the reclassification involves only 0.06% of share capital. Shareholders should not expect any meaningful change in promoter control or voting power. The filing is largely procedural and is unlikely to have any material impact on the stock price.