Receipt of (revised) requests from three promoters of the Company for reclassification from ''Promoter'' category to ''Public'' Category.
ZFSTEERING · price
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Awaiting price reaction for this filing.
Three members of the Munot family — Mrs. Amita Jinendra Munot (1.62%), Mr. Piyush Jinendra Munot (1.28%), and Mr. Yash Munot (1.24%) — have submitted revised letters seeking to move from the 'Promoter' category to the 'Public' category under SEBI's Listing Regulations. Combined, they hold about 4.14% of the company's equity (3,75,800 shares). This is a correction to an earlier filing dated August 5, 2025, which had typographical errors. Each promoter has confirmed they hold less than 10% voting rights, have no board representation, no special rights, and no role in running the company.
If approved by the Board, BSE, and shareholders, the promoter group's stake in ZF Steering Gear India will shrink by roughly 4.14%, with these shares being added to the public float. For shareholders, this increases the free-float available in the market but is unlikely to have a material impact on share price given the small size of the reclassification.