Receipt of applications for reclassification under regulation 31A of SEBI (LODR) Regulations 2015 from promoter group category to public category
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Sri KPR Industries Ltd (BSE Scrip Code: 544230) informed BSE that on August 28, 2025, it received reclassification requests from two members of its promoter group seeking to be moved to the public category. Hemanth Reddy Gaddam, who holds 3,71,988 equity shares, and Gaddam Madhumathi, who holds Nil equity shares, both stated they are no longer involved in the company's day-to-day operations and do not exercise any control or influence over its affairs. Both applicants confirmed they are not wilful defaulters or fugitive economic offenders and agreed to comply with post-reclassification conditions under SEBI LODR Regulation 31A(3) for at least three years. The reclassification requires approval from the board and shareholders, and the applicants have stated they will not vote on the reclassification resolution.
If approved, the promoter group's effective shareholding will reduce by 3,71,988 shares, marginally increasing the public shareholding and free float. This is only an intimation of receipt of applications — no reclassification has taken place yet, and the move does not involve any sale of shares. Retail investors should note that promoter stake has not changed in absolute terms; only the classification of existing shares is being shifted.