Promoter group members seek reclassification as public shareholders
TIRUMALCHM · price
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On the reaction day the stock moved 0.8 pts more than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Narayan Santhanam and Deepa Ajay have asked the board to reclassify their promoter holdings as public, subject to approvals. They hold 90,000 shares (0.07%) and 10,000 shares (0.01%), respectively, a combined 0.08%. Both state they have no control, board role or special rights. The request does not involve a share sale.
If approved, formal promoter ownership would fall by 0.08 percentage points. No shares are being sold, so the likely stock impact is limited.