Shanti Overseas (India) Limited has informed the Exchange regarding 'the Company has received a No-Objection Letter pertaining to reclassification of shareholders from the Promoter category to the Public category'.
SHANTI · price
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On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 2.1 pts less than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shanti Overseas (India) Limited has received a No-Objection Letter from NSE dated August 20, 2025, approving the reclassification of 7 shareholders from the 'Promoter' category to the 'Public' category under Regulation 31A of SEBI LODR Regulations. The reclassified members are all from the Kacholia family — Ayush, Mukesh (including HUF), Karuna, Namrata, Rohan, and Sangeeta Kacholia. The company had applied for this reclassification on May 12, 2025. With this approval, these shareholders will no longer be classified as promoters and their holdings will be counted as public shareholding going forward.
This move reduces the promoter group's shareholding classification and increases the public shareholding, which may improve the stock's liquidity and free-float metrics. It is a procedural governance change rather than a sale of shares, so there is no direct cash impact on the company, but promoter influence in decision-making will likely decrease.