Please find attached Approval of the Shareholders for Reclassification of Shareholding from "Promoter Group" Category to "Public" Category
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Svaraj Trading & Agencies Ltd has received shareholder approval to reclassify Mr. Mukesh Vaishnav from the 'Promoter Group' category to the 'Public' category. The reclassification, effective May 4, 2026, was approved via postal ballot under SEBI Listing Regulations. Mr. Vaishnav held 4,36,660 shares representing 2.96% of the company's equity. The company had earlier obtained BSE's No Objection Certificate for this reclassification. This means Mr. Vaishnav will no longer be considered part of the promoter group for regulatory and disclosure purposes.
This reclassification reduces the calculated promoter group shareholding by approximately 2.96%, though no actual shares were sold or transferred. It may signal reduced promoter group influence and could affect how the market perceives the company's promoter backing.