We have submitted an application to BSE on 18th Feb 2025 for seeking reclassification of Behrilal S. Raheja HUF from promoter group to public Category.We hereby request you to update the ....
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Tivoli Construction Ltd has informed BSE that it submitted an application on February 18, 2025, seeking reclassification of Beharilal S. Raheja HUF from the promoter group category to the public category. The application is filed under Regulation 31A(8C) of SEBI's Listing Obligations and Disclosure Requirements (LODR). The company has now requested BSE to update its records and grant approval for the reclassification at the earliest. The letter is signed by Director Rakesh Thakorbhai Desai (DIN: 00152982) and dated May 7, 2025.
If approved, the reclassification will reduce the company's promoter group shareholding and increase its public shareholding, which could improve public float and liquidity. The actual impact on promoter shareholding percentage will depend on the size of the HUF's stake, which is not disclosed in this filing.