Intimation of submission of application of promoter reclassification under regulation 31 (a)
UGARSUGAR · price
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Awaiting price reaction for this filing.
Ugar Sugar Works has submitted an application to BSE for reclassification of two members from the promoter group to the public category under SEBI Listing Regulation 31A. The application concerns Babasaheb N. Kalyani holding 15,83,880 shares (1.41%) and Sunita B. Kalyani holding 15,14,800 shares (1.35%), together accounting for about 2.76% of the company's share capital. The application was originally filed with the exchange on 10 August 2024, with this intimation dated 19 January 2026. Reclassification typically indicates that these individuals no longer exercise control or influence over the company's affairs as promoters.
If approved, the promoter group's effective holding in Ugar Sugar Works will shrink by roughly 2.76%, which may slightly shift the promoter vs. public shareholding balance. For retail investors, this is largely an administrative change and is unlikely to cause an immediate stock price reaction unless it signals a broader promoter exit.