Intimation with respect to filing of Application with Stock Exchange for Reclassification of Promoter Category to Public Category
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Awaiting price reaction for this filing.
Mr. Mitul Jagdish Shah, a member of the Promoter and Promoter Group of the company, requested reclassification from the 'Promoter' to the 'Public' category via a letter dated July 11, 2025. The Board of Directors approved this request at its meeting on July 19, 2025. The company then submitted an application to BSE Limited on July 22, 2025, under Regulation 31A of the SEBI (LODR) Regulations, 2015, seeking formal reclassification. The change is in classification only, not in the actual ownership of shares held by Mr. Shah.
For shareholders, this means the company's official promoter group will shrink by one member, which may slightly reduce the reported promoter holding and signal that part of the promoter group is stepping away from active promoter status. Shareholding numbers remain unchanged — only the regulatory category shifts.