The Company has received a No-objection letter from BSE Limited regarding reclassification of Mr. Mukesh Vaishnav forming a part of Promoter Group Category to Public Category
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Svaraj Trading & Agencies Ltd has received a no-objection letter from BSE Limited for reclassifying Mr. Mukesh Vaishnav from the 'Promoter Group' category to the 'Public' category under SEBI Listing Regulations. Mr. Vaishnav held 4,36,660 shares, representing 2.96% of the company's share capital, in the Promoter Group. The application for reclassification was originally made on February 12, 2026, and BSE granted approval on March 20, 2026. The filing also mentions that one promoter, Shankar Das Vairagi, who held 0 shares, passed away on February 26, 2026.
This reclassification reduces the company's Promoter Group shareholding by 2.96% and increases the Public shareholding by the same amount, but involves no change in actual ownership. It is a procedural/compliance update and is unlikely to have a material effect on the stock price.