Intimation of request Letter received from the Promoter and Promoter Group of the Company for the reclassification of their Category form the Promoter and Promoter Group to Public Category
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Awaiting price reaction for this filing.
SC Agrotech Limited has informed BSE that it has received requests from 9 promoter group members to be reclassified from the 'Promoter and Promoter Group' category to the 'Public' category. All 9 applicants — Sheela Chandak, Sumeet Chandak, Satya Narayan Chandak, Satya Narayan Chandak HUF, Sanjay Chandak, Sanjay Chandak HUF, Sheel Biotech Limited, Vitro Biotechnologies Limited, and Jayshree Investment Private Limited — currently hold 0 shares (0.00% stake). Each request states they are not involved in the company's operations, do not exercise control, and hold no board seat. The reclassification requires approval from the Board of Directors and BSE. The filing is procedural under Regulation 31A of the SEBI LODR Regulations, 2015.
This is a housekeeping/cleanup filing — none of the requesting parties hold any shares, so there is no change in actual shareholding or control. It may slightly reduce the listed promoter group size on paper but has no material impact on stock price or shareholder value.