Intimation of Receipt of Request For Reclassification From "Promoter Group Shareholder" To "Public Shareholder" Under Regulation 31A Of The SEBI (LODR) Regulations, 2015.
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Citric India Limited, currently classified as a Promoter Group Shareholder of Star Source Multi Trade Ltd, has formally requested to be reclassified as a Public Shareholder under SEBI's Regulation 31A. The request, received on December 3, 2025, notes that Citric India Limited currently holds zero equity shares in the company (0% of total equity capital) following an SEBI-approved open offer, and has no direct or indirect control over company affairs. Citric India Limited has provided the standard undertakings required under Regulation 31A, including holding less than 10% voting rights, no board representation, no special rights, and confirming it is not a wilful defaulter or fugitive economic offender. The reclassification is subject to requisite approvals from the company and stock exchange.
This is a procedural housekeeping action since Citric India Limited already holds no shares, so it should have minimal impact on shareholding structure or stock price. It formally removes a zero-shareholding entity from the promoter group, simplifying the company's promoter/public categorization.