Sudarshan Chemical Industries Limited has informed the Exchange about General Updates
SUDARSCHEM · price
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Awaiting price reaction for this filing.
Sudarshan Chemical Industries has formally applied to BSE and NSE to reclassify three members of its promoter/promoter group — Mr. Pradeep Rathi, Mr. Rahul Rathi, and Mrs. Subhadra Rathi — from the 'Promoter/Promoter Group' category to the 'Public' category. Together, these individuals hold 64,48,599 equity shares, representing 8.21% of the company's total shareholding. The board had approved this request on 29th May 2025, and the company filed the formal application on 3rd June 2025 under SEBI's Regulation 31A. The reclassification still requires approval from the stock exchanges and the company's shareholders before it becomes effective. No shares are being sold — this is purely a change in classification, not a change in ownership.
If approved, the promoter group's effective stake in Sudarshan Chemical will reduce by 8.21 percentage points, which may shift perceptions around promoter control. There is no immediate impact on stock price since no shares are being sold and the reclassification still needs multiple approvals. Retail investors should track future updates on stock exchange and shareholder approval.