Shanti Overseas (India) Limited has informed the Exchange about Shareholders meeting
SHANTI · price
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Awaiting price reaction for this filing.
Shanti Overseas (India) Limited has called an Extraordinary General Meeting (EGM) on Saturday, October 18, 2025, at 12:30 PM to be held via video conferencing. The sole item on the agenda is the reclassification of 7 persons — Mukesh Kacholia, Mukesh Kacholia HUF, Ayush Kacholia, Rohan Kacholia, Sangeeta Kacholia, Karuna Kacholia, and Namrata Kacholia — from the 'Promoter & Promoter Group' category to the 'Public' category. Notably, all 7 persons currently hold Nil (zero) shares in the company, so the change is purely a formal categorization shift. NSE has already cleared the proposal via a no-objection letter dated August 20, 2025, and the Board approved the reclassification on May 7, 2025. The cut-off date for e-voting eligibility is October 11, 2025, with remote e-voting open from October 15 (9:00 AM) to October 17, 2025 (5:00 PM).
Since all individuals being reclassified hold zero shares, there is no change in actual shareholding or voting power — this is essentially a housekeeping reclassification. The stock price is unlikely to be materially impacted, though it may marginally clarify the promoter group structure for future reference.