Please find enclosed intimation pursuant to Regulation 31A of SEBI (LODR) Regulations, 2015 with respect to request received for re-classification of shareholding from Promoter and Promoter ....
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Svaraj Trading & Agencies Ltd has received requests from two members of its Promoter and Promoter Group category seeking reclassification as Public shareholders under SEBI's Regulation 31A. Shankar Das Vairagi (currently classified as Promoter) holds 0 shares (0.00%), while Mukesh Vaishnav (classified as Promoter Group) holds 4,36,660 shares representing 2.96% of the company. Both applicants state they are not involved in day-to-day management and do not exercise control over the company. The Board of Directors will consider these reclassification requests at its meeting scheduled for February 10, 2026. If approved, the effective promoter group shareholding will reduce by 2.96%, with those shares moving into the public shareholding category.
If approved, this will reduce the promoter/promoter group shareholding by 2.96% and increase the public float by the same amount. This signals reduced promoter control and commitment, which may be viewed negatively by some investors as it indicates promoters stepping away from the company.