Sudarshan Chemical Industries Limited has informed regarding Disclosure of material issue
SUDARSCHEM · price
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Sudarshan Chemical Industries has received no-objection letters from both BSE and NSE (dated July 15, 2025) for reclassifying three members of the promoter group — Mr. Pradeep Ramwilas Rathi, Mr. Rahul Pradeep Rathi, and Mrs. Subhadra Pradeep Rathi — from the 'Promoter/Promoter Group' category to the 'Public' category. Together, these three hold 64,48,599 equity shares representing 8.21% of the company's shareholding (Mr. Pradeep Rathi holds 4.36%, Mr. Rahul Rathi holds 3.85%, and Mrs. Subhadra Rathi holds nil). The reclassification was first approved by the Board on May 29, 2025, and still requires shareholder approval before it becomes effective under SEBI Listing Regulations.
If shareholders approve, the company's promoter group shareholding will reduce by 8.21%, formally shifting these stakes to the public category. This is a technical reclassification (not a share sale), so it is unlikely to move the stock price immediately, but it will lower the officially reported promoter holding and slightly increase the public float.