Intimation of receipt of request for reclassification from promoter & promoter group category to public category
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Awaiting price reaction for this filing.
Western Ministil Ltd has received a request dated 20th June 2025 from 23 promoter-group entities seeking reclassification from the 'Promoter & Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. Collectively, these promoters hold 75,038 shares, representing 3.48% of the company. Key shareholders in the group include Anita N. Parikh (33,475 shares, 1.55%), K. Parikh Agencies Pvt. Ltd. (12,600 shares, 0.58%), Elina N. Parikh/Meswani (11,888 shares, 0.55%), and Arvind S. Parikh (8,003 shares, 0.37%). The promoters state they no longer have control, influence, or day-to-day involvement in the company's affairs, hold no board seats or key managerial positions, and are not willful defaulters or fugitive offenders. The reclassification is subject to approval by the Board of Directors and BSE Limited, and the applicants must continue meeting certain conditions for at least three years post-reclassification.
If approved, these 23 entities will move to the public shareholder category, reducing the formal promoter group shareholding. This is largely a procedural reclassification of a relatively small 3.48% stake rather than an actual sale, so the direct impact on share price is likely minimal.