We have to inform you that No-objestion letter dated 10.10.2025 (attached) from BSE to the Reclassification requets from 3 Promoters of the Company has been received.
ZFSTEERING · price
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Awaiting price reaction for this filing.
ZF Steering Gear India has received a no-objection letter from BSE dated October 10, 2025, approving the reclassification of three individuals — Amita Jinendra Munot, Piyush Jinendra Munot, and Yash Munot — from the Promoter/Promoter Group category to Public Shareholders under Regulation 31A of SEBI LODR Regulations. The reclassification was applied for by the company on September 11, 2025, and BSE has now formally approved it. The change will be reflected in the company's next quarterly shareholding pattern filing, which is due by December 31, 2025. This effectively reduces the promoter group and increases the public shareholding of the company.
This is a procedural change in shareholding classification rather than an actual sale of shares, so it should not directly affect the stock price. However, it reduces the promoter group's reported shareholding and increases the public float, which may slightly improve liquidity metrics and free-float calculations going forward.