Shilpa Medicare Limited has informed the Exchange regarding 'Intimation under 31A of the SEBI (LODR) Regulations, 2015 for Reclassification from Promoter/Promoter Group to Public category'.
SHILPAMED · price
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Awaiting price reaction for this filing.
Shilpa Medicare's Board, at its meeting on 13th August 2025, approved a request from Mr. Suraj Kumar Inani and Ms. Priya Inani to reclassify themselves from the 'Promoter/Promoter Group' category to the 'Public' category. The move is made under Regulation 31A of SEBI's LODR Regulations, which allows certain promoter group persons to exit the promoter classification if they meet prescribed conditions. The reclassification is still subject to No-Objection Certificates from BSE and NSE, as well as approval from the company's shareholders. The company has not disclosed the specific shareholding of these two individuals or the resulting change in promoter group stake. Further updates on stock exchange and shareholder decisions will follow in due course.
This is a procedural regulatory filing and does not involve any immediate change in ownership or shareholding. Once approved, the promoter group shareholding of Shilpa Medicare will reduce, but no specific numbers have been disclosed yet. Investors should watch for follow-up announcements with shareholding details and shareholder approval timelines.