EGM to be held on 29th May 2026 at 12 P.M. through VC/OAVM
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Standard Shoe Sole and Mould (India) Ltd has called an EGM on May 29, 2026 to seek shareholder approval for reclassifying 15 promoter group members from Promoter to Public category. The outgoing promoters collectively hold 422,093 shares representing 8.15% of total equity capital. The list includes individual promoters (Baldeo Das Bhaiya, Krishna Devi Bhaiya, Sharad Bhaiya, and others) and entities like Chemcrown Export Private Limited and BG Chemicals Private Limited. BSE has already granted approval for this reclassification on April 2, 2026. Remote e-voting will be open from May 26-28, 2026. The outgoing promoters have confirmed they do not hold more than 10% voting rights, have no board representation, and exercise no control over the company.
If approved, this reclassification will reduce the promoter group holding from 8.15% to 0%, increasing the public shareholding. This may improve liquidity and broaden the shareholder base, though the impact on stock price is likely neutral given the small promoter stake and confirmed lack of control.