Request from Promoter and Promoter Group seeking reclassification from "Promoter / Promoter Group" category to "Public" category.
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Awaiting price reaction for this filing.
Four members of the Promoter Group of Shraddha Prime Projects Ltd have requested to be reclassified as 'Public' shareholders under SEBI Regulation 31A. These individuals collectively hold 87,300 shares, representing just 0.21% of the company's equity. Two of them (Sushilaben Rameshchandra Bansal with 82,200 shares and Rameshchandra Jutharam Bansal with 5,100 shares) hold shares, while the other two (Jaidevi Goyal and Raksha Kumari Agarwal) hold zero shares. Each requester has confirmed they have no control, board representation, or special rights in the company. The Board will consider the requests, and final approval is subject to the stock exchange.
This is a procedural reclassification, not a sale of shares — no shares are being transferred or divested. The impact on the stock is negligible given the tiny 0.21% stake involved. Shareholders should note this signals promoter group cleanup, which may marginally shift the promoter vs. public shareholding disclosure, but does not affect actual ownership economics.