No objection for Re-classification of promoters under regulation 31A of SEBI(LODR)Regulations, 2015
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Awaiting price reaction for this filing.
Shraddha Prime Projects Ltd has received no-objection from BSE for reclassifying 9 members of its promoter and promoter group to the 'Public' category under SEBI Regulation 31A. The individuals include Omprakash Jutharam Bansal, Satyanarayan Jutharam Bansal, Sushilaben Rameshchandra Bansal, Rameshchandra Jutharam Bansal, Vikas Goyal, Raksha K. Agarwal, Jaidevi Goyal, Bhavita Omprakash Bansal, and Preeti Satyanarayan Bansal. The company had applied for this reclassification on October 29, 2025, and BSE granted its approval via letter dated December 08, 2025. The company will need to comply with subsequent disclosure requirements related to this reclassification.
This significantly reduces the promoter group's presence in the company, potentially lowering the promoter shareholding substantially. The stock may see changes in governance dynamics, and remaining shareholders should monitor for any related disclosures on shareholding patterns.