Extract of Minutes of the Board Meeting considering the request received from Outgoing Promoters seeking reclassification from "Promoter and Promoter Group Category to Public Category
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The Board of Megh Mayur Infra Limited, at its meeting on 19 July 2025, approved a request from Mr. Mitul Jagdish Shah to be reclassified from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. Mr. Shah currently holds zero equity shares in the company and does not exercise any control, board representation, or special rights. The Board confirmed that he is not a wilful defaulter, fugitive economic offender, or facing any regulatory action, and that his combined holding with persons acting in concert is below 1% of voting rights, so no shareholder approval is needed. The reclassification is subject to approval from BSE, and the company has committed to maintaining minimum public shareholding requirements.
This is a routine, procedural reclassification with no impact on shareholding or control, since the outgoing promoter already holds no shares. Shareholders and the stock price are unlikely to be materially affected.