Reclassification application by a Promoter under Regulation 31A of SEBI LODR Regulations, 2015.
TRANSPEK · price
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Transpek Industry has received an application from Malti D. Bhatia, a member of the promoter group, seeking reclassification as a public shareholder under SEBI LODR Regulation 31A. She holds 10,800 equity shares, representing just 0.19% of the paid-up share capital, and states she has no involvement in the company's operations. Her application confirms she holds under 10% voting rights, does not exercise control, has no board representation, and is not a key managerial person. The reclassification is subject to approval from the stock exchange and SEBI. The shift removes a token promoter tag, not a meaningful stake change.
This is a minor administrative housekeeping change. Since she holds only 0.19% of shares, there is no material impact on promoter holding, control structure, or stock price. Long-term shareholders are unaffected.