This is to inform you that the company has received the Approval from BSE Limited vide letter dated 08.09.2025 for Reclassification of Mr. Mitul Shah - from Promoter to Public Category ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSE has approved the reclassification of Mr. Mitul Jagdish Shah from the 'Promoter/Promoter Group' category to the 'Public' shareholder category under SEBI's Regulation 31A. The approval, granted via letter dated 08 September 2025, follows the company's application dated 22 July 2025. Mr. Shah's shareholding will now be reflected under Public Shareholding instead of Promoter holding. The company, which also operates under the former names Transoceanic Properties Ltd and Poddar Infrastructure Ltd, trades on BSE under scrip code 509003.
This is a governance and shareholding classification update with no direct impact on share price. It reduces the formal promoter group size and increases the public shareholding base count, which may marginally improve the stock's free float perception but involves no change in actual ownership.