Promoter reclassifcaiton - NOC from BSE
SHILPAMED · price
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Awaiting price reaction for this filing.
Shilpa Medicare received BSE's no-objection certificate to reclassify two members from the 'Promoter Group' to the 'Public' category under SEBI's Regulation 31A. Mr. Suraj Kumar Inani (holding 39,20,695 shares, 4.01%) and Ms. Priya Inani (holding 80,696 shares, 0.08%) together account for 40,01,391 shares or 4.09% of the company's equity. The reclassification application was originally filed on August 13, 2025, and BSE approved it on September 26, 2025. Importantly, this is only a change in the classification status of these shareholders — no shares have been sold or transferred, and the actual ownership remains the same.
The promoter group's effective shareholding will reduce by 4.09% on paper, while the public shareholding will increase by the same amount. Since no shares are actually being sold, this is a technical/cosmetic change and is unlikely to have a meaningful direct impact on the stock price. Investors should watch for any further disclosures about the post-reclassification promoter shareholding percentage.