Intimation of the Outcome of the Board Meeting held for consideration of request for Re-classification by persons falling under Promotor and Promotor Group
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Awaiting price reaction for this filing.
Shraddha Prime Projects Ltd's Board of Directors, at a meeting held on October 27, 2025, approved the reclassification of 9 individuals from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI Regulation 31A. The reclassified persons collectively hold 87,300 shares, representing just 0.21% of the company's total shareholding. Of these, only two individuals actually hold shares — Sushilaben Rameshchandra Bansal (82,200 shares, 0.20%) and Rameshchandra Jutharam Bansal (5,100 shares, 0.01%) — while the remaining seven hold zero shares. The Board confirmed that these persons have no direct or indirect control over the company, are not involved in day-to-day management, and meet all SEBI conditions for reclassification.
This is a very minor corporate housekeeping event affecting only 0.21% of total shares. It is unlikely to have any meaningful impact on the stock price or shareholder value, as no shares are being bought or sold — individuals are simply being reclassified from promoter group to public category.