We hereby confirm that The Company has received approval from Stock Exchange for application for reclassification from Promoter/Promoter Group to Public Category for the person(s) mentioned ....
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Awaiting price reaction for this filing.
Tivoli Construction Ltd has received BSE approval to reclassify Beharilal Sewaram Raheja HUF from the 'Promoter/Promoter Group' category to the 'Public' category under SEBI's Listing Regulations. The reclassified entity holds 0 shares, representing 0% shareholding, so there is no actual change in the shareholding pattern. The original application was filed on February 18, 2025, and the approval was granted on May 12, 2025. Separately, BSE also issued a warning letter to the company for delayed disclosure — the company submitted the application on February 18, 2025 but disclosed it to the exchange only on May 8, 2025, which is viewed as a compliance lapse.
This is largely an administrative reclassification with zero impact on actual shareholding or stock price, since the reclassified entity holds no shares. However, the accompanying BSE warning letter flags a disclosure-timeline lapse, signaling weak compliance practices that investors should monitor.