Promoters reclassified to Public, holding drops below 50 percent

Promoter Below 50pctOwnership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-4.8%Next day

₹15.55

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-6.1% vs market

By the next day the stock moved 6.1 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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-18.3+0.3-18.6

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AI summary

Thinking Hats Entertainment Solutions received member approval at the AGM on September 30, 2026 to reclassify Gaurav Singhania, Shruti Singhania and their relatives and entities from Promoter group to Public. Post-reclassification, promoter holding fell from 56.79 percent to 47.13 percent, while public holding rose from 43.21 percent to 52.87 percent. All three resolutions at the AGM, including audited financial statements and director reappointment, were passed with 100 percent approval.

Likely market impact

Promoter stake drops below 50 percent, raising control questions. Public shareholding rises to 52.87 percent, boosting float and liquidity.