This is with reference to application filed to the stock exchange i.e., BSE Limited on August 19, 2025 for approval of reclassification from Promoter/Promoter Group Category shareholders ....
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Awaiting price reaction for this filing.
Team24 Consumer Products Ltd has submitted an application to BSE on August 19, 2025, under Regulation 31A of SEBI LODR Regulations, seeking approval to reclassify 12 individuals and entities from the Promoter/Promoter Group category to the Public Shareholder category. The list includes Anand Vishnu Gaikwad, Snehalata Anand Gaikwad, Alliance Consultancy Services, La Costa Enterprises, New Vision Group Holding, and several Fazalbhoy family members and related parties. The company, formerly known as Kore Foods Limited, has not disclosed the aggregate shareholding being reclassified or the specific reasons for the move. The reclassification, once approved, will reduce the official promoter group composition of the company.
If BSE approves, these 12 shareholders will no longer count toward the promoter group holding, reducing the effective promoter stake and potentially changing perceptions around promoter control and management influence in the company.