Intimation under Regulation 31A of the SEBI (LODR) Regulations, 2015 for reclassification from Promoter to Public
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Thirani Projects Ltd received a request from M/s. Apanapan Distributors LLP, a promoter group shareholder, seeking reclassification from the 'Promoter Group' category to 'Public' shareholder category under Regulation 31A of SEBI (LODR) Regulations. Apanapan Distributors LLP has stated it does not hold more than 10% voting rights, does not exercise control over the company, has no board representation, and is not a willful defaulter or fugitive economic offender. The Board of Directors will consider this request at a meeting scheduled for 11th October 2025, subject to requisite approvals.
If approved, this reclassification will reduce the promoter group's shareholding in the company and shift those shares into the public category, potentially increasing public float and altering promoter shareholding disclosures. The stock price impact is likely minimal since no shares are being sold, only reclassified.