With reference to application made by the company dated October 19, 2024 regarding the reclassification of certain shareholders from promoter group to public. we would like to inform you ....
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Awaiting price reaction for this filing.
BSE has approved Unison Metals' application to reclassify three individuals — Mukesh Devendra Shah (20,000 shares, 0.12%), Trupti Shah (4,000 shares, 0.02%), and Rekhaben Nareshbhai Changrani (31,000 shares, 0.19%) — from the 'Promoter and Promoter Group' category to the 'Public' category. Together, these three persons held 55,000 shares (0.33% of the company). After reclassification, promoter group holding stands at 82,13,434 shares (51.28%) and public holding rises to 78,07,566 shares (48.72%). The company had applied on October 19, 2024, and the approval came through on September 26, 2025. BSE separately issued a warning letter because the company disclosed the application nearly a year late (on September 25, 2025), violating the 24-hour disclosure requirement under Regulation 31A(8)(c).
The reclassification is minor — promoter control remains well above 50%, so there is no meaningful change in management control or shareholder structure for retail investors. The warning letter flags a compliance lapse on timely disclosure, which may be a minor governance concern but does not affect business operations.