Intimation under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Submission of application for seeking re-classification from the "Promoter ....
VENTIVE · price
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Ventive Hospitality Ltd has received requests from 11 entities belonging to the Promoter and Promoter Group category seeking re-classification to the Public category under SEBI Listing Regulations. These entities include Le-Style Enterprise Private Limited, Pune Express Infrastructure Private Limited, Pause & Play Movement Labs Private Limited, Elie Organic World Private Limited, Wagholi Amenity Space LLP, AAA Washers & Dyers Private Limited, Wallpro Ventures Private Limited, Gramercy Infrarealty Private Limited, Samruddhi Manufacturing & Leasing LLP, Pune Infrarealty and Ventures Private Limited, and A2G Realty LLP. All 11 entities confirm they do not hold any equity shares in the company and have less than 1% voting rights. They state they have no control over company affairs, no board representation, and no special rights. The Board will consider these requests and seek appropriate approvals as per Regulation 31A.
The re-classification will reduce the Promoter and Promoter Group holding count in the shareholding pattern, potentially improving the public float. Since these entities confirm zero shareholding and no control, the actual impact on promoter stake percentage may be minimal unless other significant promoter holdings exist.