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Awaiting price reaction for this filing.
The company received shareholder approval in its EGM held on May 29, 2026, to reclassify 14 entities/persons from Promoter/Promoter Group category to Public category under SEBI regulations. This includes BG Chemicals Private Limited and 13 individual promoters. The total shares being reclassified amount to 3,35,000 shares representing 6.55% of the company's shareholding. The ordinary resolution passed with overwhelming majority - 1,316,912 votes in favour (99.9954%) and only 60 votes against. BSE had already granted its no-objection approval for this reclassification on April 2, 2026.
This reclassification reduces the total promoter group shareholding by 6.55%. The affected entities will now be treated as public shareholders, which may impact the company's promoter holding calculations and future compliance requirements.