Intimation pursuant to regulations 31A(8)(c) of SEBI(LODR), 2015, we wish to inform you that the company has submitted an application with the exchange 19 October, 2024 seeking approval ....
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Unison Metals Ltd has informed BSE that it submitted an application on 19 October 2024 seeking approval to reclassify three individuals from the 'Promoter Group' to the 'Public' category under SEBI's Regulation 31A. The three promoters seeking reclassification are Mukesh Devendra Shah (20,000 shares, 0.12%), Trupti Shah (4,000 shares, 0.02%), and Rekhaben Nareshbhai Changrani (31,000 shares, 0.19%), together holding 55,000 shares or 0.33% of the company. The disclosure under Regulation 31A(8)(c) was delayed and is being reported now in September 2025, with the company citing inadvertent delay due to lack of awareness of the sub-regulation requirement. The company has apologized for the oversight and assured steps to strengthen compliance.
If approved, the promoter group will shrink marginally by 0.33% in formal classification, but the economic interest in shares does not change. This is essentially a procedural reshuffling with negligible impact on shareholding structure or stock price.