Intimation regarding request letter received from member of Promoter(s) Group for reclassification from Promoter and Promoter Group to Public category
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Awaiting price reaction for this filing.
Mr. Somnath Gurushantappa Lature, a member of the Promoter and Promoter Group, has requested the company to reclassify him from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI LODR Regulations. He holds 71,250 equity shares, which is just 0.29% of the company's total paid-up share capital. The request is dated February 5, 2026, and will be reviewed by the Board of Directors at the next board meeting. The company will update the stock exchange once the Board takes a decision on this matter.
This involves a very small shareholder (only 0.29% stake), so the reclassification is unlikely to have any meaningful impact on the stock price or the overall promoter holding of the company. It is a routine governance disclosure with minimal financial consequence for retail investors.