Intimation of approval letter received from BSE for reclassification of promoters under Regulation 31A(10) of SEBI (LODR) Regulations, 2015
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Swojas Foods Ltd has received approval from BSE to reclassify three individuals — Vishal Pankaj Dedhia, Amar Rajmalkakaria, and Ketan Ishwarlal Kataria — from 'Promoter' category to 'Public' category shareholders. Notably, all three outgoing promoters hold zero shares (0%) in the company. As a result, there is no change in the actual shareholding pattern: promoter holding remains at 69,90,549 shares (22.58%) and public holding stays at 2,39,72,101 shares (77.42%) both before and after reclassification. The reclassification is therefore a procedural/formal exercise rather than a change in ownership.
This is a routine regulatory reclassification with no impact on shareholding percentages or market value. Shareholders should note it does not signal any buying, selling, or change in control — the outgoing promoters already had zero stake.