Announced Mon, 15 Jun · 16:07 IST

Board approves reclassifying 5 promoters (0.44% stake) to public category

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+4.8%1-day move

₹0.21

prior close

₹0.21

base price

After-mkt

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AI summary

Shree Securities' board on June 15, 2026 approved reclassifying 5 persons/entities — Amrita Sharma, late Manik Chand Pugalia, Subhash Chandra Dadhich, Faber Trexim Pvt Ltd, and Meghshree Credit Pvt Ltd — from Promoter/Promoter Group to Public category. Together they hold just 0.44% of shares. Pugalia's removal follows his demise in Dec 2024; the other 4 voluntarily requested reclassification. No shareholder vote needed as combined stake is below 1%. Subject to BSE and Calcutta Stock Exchange approval.

Likely market impact

Minimal impact — only 0.44% stake shifts from promoter to public. Slight reduction in promoter holding; pending exchange approvals.