Company has received request vide email dated 24.07.2025 requesting Reclassification from "Promoter & Promoter Group" category to "Public".
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Awaiting price reaction for this filing.
Shree Krishna Infrastructure Ltd has received reclassification requests from three promoters/promoter group members — Mr. Ravi Rajiv Kotia (Promoter), Mr. Amit Rameshbhai Kotia (Promoter Group), and Mr. Dhaval Rameshchandra Kotia (Promoter Group) — seeking to move from the 'Promoter & Promoter Group' category to 'Public' category under SEBI LODR Regulation 31A(10). All three currently hold 0 (Nil) equity shares in the company. The reclassification is pursuant to an Open Offer and a transaction completed through a Share Purchase Agreement, indicating a change in the company's ownership/control. Each requester has certified they hold less than 10% voting rights, exercise no control, hold no special rights, and are not willful defaulters or fugitive economic offenders.
This signals a major ownership change at Shree Krishna Infrastructure — the existing promoter group has effectively exited (holding zero shares) following an open offer and share purchase deal. For shareholders, this points to a change in control of the company, with new acquirers likely taking the helm. The stock may see continued volatility as the new promoters settle in and the shareholding pattern is reshuffled.