Request for re-classfication of Shareholding from Promoter and Promoter Group Category to Public Category
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Svaraj Trading & Agencies has informed BSE that its Board has approved the re-classification of two persons from the 'Promoter and Promoter Group' category to the 'Public' category, as permitted under SEBI Listing Regulations. The first, Shankar Das Vairagi (Promoter), currently holds zero shares. The second, Mukesh Vaishnav (Promoter Group), holds 4,36,660 shares, representing 2.96% of the company's share capital. The company has filed an application with BSE seeking a No Objection for this re-classification. This follows earlier intimations dated February 7 and February 10, 2026. Final approval from BSE/NSE and shareholders will be needed to complete the process.
This is a procedural reclassification and does not involve any change in actual shareholding — the same shares will simply be grouped under 'Public' instead of 'Promoter Group.' For retail investors, this slightly reduces the promoter shareholding on paper (by 2.96%) but has no direct impact on stock price or company operations unless it signals a broader promoter exit.