Approval of the Board on requests received from the Shareholders for re-classification of the Status from "Promoter" and "Promoter Group" into Public Category under Regulation 31A of SEBI ....
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The Board of Svaraj Trading & Agencies Ltd, at its meeting on February 10, 2026, approved requests from two shareholders to be reclassified from 'Promoter' and 'Promoter Group' to 'Public' category under SEBI Regulation 31A. The shareholders are Shankar Das Vairagi (Promoter, holding 0 shares) and Mukesh Vaishnav (Promoter Group, holding 4,36,660 shares or 2.96%). Both stated they are not involved in day-to-day management, hold no directorship, and meet all conditions under the regulation. The reclassification still requires BSE approval (NOC) and shareholder approval before it becomes effective.
Once approved, the company's promoter group shareholding will reduce by 2.96%, increasing the public shareholding by the same amount. This is a procedural reclassification, not a sale, so there is no change in total shareholding pattern at the company level — only a reshuffling between categories.