Disclosure Under Regulation 30 Read with Regulation 31(A)(8) of the Securities and Exchange Board of India (Listing obligation and Disclosure Requirements) Regulation, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Megh Mayur Infra Limited has received a request from promoter Mr. Mitul Jagdish Shah to be reclassified from the 'Promoter' category to the 'Public' category. Mr. Shah has already divested his entire stake of 21,29,400 equity shares (33.80% of paid-up capital) to fellow promoter Mr. Rajendra Suganchand Shah via an inter-se promoter transfer on 16th May 2025, and currently holds zero shares in the company. He has confirmed he no longer exercises any control over the company and is not a director, KMP, wilful defaulter, or fugitive economic offender. The Board of Directors will consider this reclassification request at its meeting on 19th July 2025, after which the company will apply to BSE for the formal reclassification.
This is an internal reshuffle within the promoter group with no change to total promoter shareholding. No shares moved to the public, so free float and minority shareholder rights remain unaffected. Investors should note that Mr. Rajendra Suganchand Shah has consolidated his position to become the dominant promoter, which increases concentration of control in a single individual.