We wish to intimate that the Company has received requests vide letter dated April 06, 2025 from the promoters requesting for reclassification from "Promoter" Category to "Public" category ....
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Awaiting price reaction for this filing.
Tierra Agrotech Ltd has informed BSE that two of its promoter group members have requested to be reclassified as public shareholders under SEBI's Listing Regulations. Parthasarathi Bhattacharya holds 10,00,000 shares (1.52%) and Surinder Kumar Tikoo holds 2,25,000 shares (0.34%), together representing about 1.86% of the company's equity. Both individuals stated they are not involved in the company's day-to-day operations, do not influence business decisions, and do not hold board or key managerial positions. The reclassification is subject to approval from the company's Board of Directors and the BSE before it takes effect.
This is a relatively minor governance event as only around 1.86% of equity is being moved out of the promoter category. It is unlikely to materially affect share price or shareholder rights, though it may slightly increase the public float and reduce the reported promoter shareholding.