Ventive Hospitality Limited has informed the Exchange regarding 'Intimation under Reg 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 submission of application for seeking re-classification from the "Promoter and Promoter group" category to "Public" Category.
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Ventive Hospitality Limited has received re-classification requests from 11 entities belonging to the Promoter and Promoter Group category, seeking to move to the Public category under SEBI regulations. The entities include Le-Style Enterprise, Pune Express Infrastructure, Pause & Play Movement Labs, Elie Organic World, Wagholi Amenity Space LLP, AAA Washers & Dyers, Wallpro Ventures, Gramercy Infrarealty, Samruddhi Manufacturing & Leasing LLP, Pune Infrarealty and Ventures, and A2G Realty LLP. All 11 entities explicitly confirm they do not hold any equity shares of the company and have no involvement in business operations or control. The requests are pending Board consideration and will require approvals from stock exchanges.
This signals a reduction in the connected promoter network. Since these entities confirm zero shareholding, the actual shareholding pattern change will depend on the remaining promoter group. This is an administrative re-classification that may improve public shareholding percentage going forward.