Shivalik Bimetal Controls Limited has informed the Exchange regarding 'Intimation regarding request letter received from members of the Promoter(s) for Reclassification from "Promoter and Promoter Group" Category to "Public" Category pursuant to Regulation 30 & 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.7 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shivalik Bimetal Controls has informed the stock exchanges that 11 individuals and body corporates belonging to the promoter group have submitted written requests dated 11 July 2025 to be reclassified from the 'Promoter and Promoter Group' category to the 'Public' category. The reclassification is being sought under Regulation 31A of SEBI's Listing Obligations and Disclosure Requirements, 2015. The shares held by these entities, along with the corresponding shareholding percentages, were to be listed in the table but the data for most entries is not clearly disclosed in the filing. The Board of Directors will review and decide on these requests at the next board meeting, after which the company will update the exchanges.
This is a procedural reclassification request, not a share sale, so there is no immediate change in total promoter shareholding or public float until the Board approves. If approved, the public shareholding category would expand, which could improve liquidity and free-float metrics, but the actual percentage impact cannot be assessed from the disclosure as share numbers for most requesters are not provided.