Zen Technologies Limited has informed the Exchange regarding 'Intimation of submission of application for reclassification from Promotor category to Public category shareholders in accordance with Regulation 31A of the Securities and Exchange Board ofIndia (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended'.
ZENTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zen Technologies has filed an application with BSE and NSE to reclassify Mr. Ravi Kumar Midathala from the 'Promoter' category to the 'Public' category of shareholders. This follows a request letter received from him on July 24, 2025, and the Board of Directors' approval of the reclassification on July 26, 2025. The application was submitted on July 30, 2025, under Regulation 31A(8) of the SEBI Listing Regulations. No specific shareholding figures or number of shares involved have been disclosed in this filing.
This is a procedural filing to formalise an existing promoter's exit from the promoter group, moving him to the public shareholder category. Once approved by the exchanges, the company's promoter group holding will reduce, but the total shareholding and overall ownership remain unchanged. The stock price impact is likely minimal as no actual sale of shares is involved.