Two promoters seek reclassification to Public category
SWARNSAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.3 pts less than Nifty Microcap 250 and 5.8 pts less than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Two promoters, Seema R Chordia and Rajendra M Chordia, both holding 0% shares (having sold their stakes earlier), have applied to BSE for reclassification from the Promoter and Promoter Group to Public category under SEBI Regulation 31A. Board approved the request on August 3, 2026. No shareholder approval needed as combined holding is under 1%. Promoter group holding remains at 60.11% post reclassification. Key promoter entity Swarnsarita Jewellers Pvt Ltd holds 44.82%, with 66.93% of its shares pledged.
Largely procedural reclassification. Worth noting the 66.93% pledged shares of Swarnsarita Jewellers Pvt Ltd among promoter holdings.