Intimation of Receipt of BSE Approval for Reclassification from Promoter to Public category.
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Vega Jewellers Ltd has received BSE approval to reclassify three entities — Santan Investments Advisory LLP, Avishek Himatsingka, and Variable Plaza Pvt Ltd — from the 'Promoter' category to the 'Public' category under SEBI LODR Regulation 31A(10). Notably, all three outgoing promoters held zero shares and zero percent shareholding both before and after the reclassification. The company's overall promoter shareholding remains unchanged at 69.73% (67,47,136 shares) and public holding at 30.27% (29,29,162 shares). This is essentially a housekeeping/compliance exercise to formally remove entities that no longer hold any stake from the promoter list.
No material impact on shareholding pattern or stock price — the reclassification involves entities that already held zero shares, so promoter control (69.73%) remains intact. This is a routine regulatory cleanup and should not concern existing shareholders.