The Company has received a request for Reclassification from ''Promoter and Promoter Group'' category to ''Public'' category.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Four members of the Promoter and Promoter Group of Star Housing Finance Ltd have requested the Board to reclassify them as Public shareholders under SEBI LODR Regulation 31A. The request covers 24,71,726 shares (3.13% of equity capital) held by Nirmal Kumar Jain (0 shares), Manju Devi Jain (19,07,721 shares, 2.42%), Dipesh Jain (5 shares), and Jenisha Jain (5,64,000 shares, 0.71%). Each applicant has stated they never had control over the company's affairs and were not acting on its board. Manju Devi Jain and Jenisha Jain have mentioned they are taking steps to sell their shares.
If approved, the promoter group's shareholding will reduce by 3.13%, marginally increasing the public float. The change signals some promoter family members distancing from the company, though their combined holding is small, so direct stock price impact is likely limited.