We wish to inform you that the Board has approved to reclassify Mr. Parthasarathi Bhattachrya and Mr. Surinder Kumar Tikoo from Promoters to Public Category at its meeting held on 30.04.2025 ....
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The board of Tierra Agrotech, at its meeting on April 30, 2025, approved the reclassification of two individuals — Mr. Parthasarathi Bhattacharya (holding 10,00,000 shares or 1.52%) and Mr. Surinder Kumar Tikoo (holding 2,25,000 shares or 0.34%) — from the Promoter category to the Public category. Together, their combined stake is just 1.86% of the company's equity share capital. The board noted that neither person is involved in the day-to-day operations, management, or policy decisions of the company. The reclassification now requires approval from shareholders and BSE before it becomes effective.
This is a routine housekeeping action with no material impact on stock price or shareholder value. It reflects cleaner promoter shareholding structure, but the outgoing individuals held only a tiny stake and had no operational role.