Intimation of Receipt of request letters from the Promoter & Promoter Group of the company for re- classification to Non- Promoter / Public Category from Promoter Category
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Awaiting price reaction for this filing.
Three individuals from the promoter group - Vinay Kirti Mehta (9,700 shares, 0.04%), Nutan Kirti Mehta (700 shares, 0.00%), and Kirti Kantilal Mehta (8,900 shares, 0.04%) - have requested the company to reclassify them from the 'Promoter' category to the 'Public' category under SEBI LODR Regulation 31A. They state they have had no involvement in the management, operations, or governance of the company, hold no board positions, and have no special voting rights. Their combined shareholding is negligible at around 0.08% of total capital. The company will table the request at the next Board meeting, and thereafter seek stock exchange approval before effecting the reclassification in statutory filings.
This is a routine reclassification with negligible impact on shareholding structure (only ~0.08% moves from promoter to public). It does not indicate any change in control, no buying or selling of shares, and is unlikely to materially affect the stock price or shareholder dynamics.