Withdrawal of Reclassification application submitted under Regulation 31A of the SEBI Listing Regulations
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zenith Fibres has informed BSE that 10 members of its promoter group have withdrawn their applications to be reclassified from the 'Promoter' category to the 'Public' category under SEBI's Regulation 31A. The original application was filed in August 2023, and after further review, the applicants have chosen to remain classified as promoters. The individuals and entities withdrawing include Rajeev Rungta, Vinita Rungta, Purvi Rungta, Rajeev Rungta (HUF), Vinita Investment Ltd, Abhishake Rungta, Madhuridevi Rungta, Ashok Kumar Rungta (HUF), Galaxy Dealers Pvt Ltd, and Classic Steels Pvt Ltd. The company will not pursue the reclassification further and has attached the withdrawal letters from each promoter.
This is a neutral, administrative update — the promoter group continues to hold its existing classification, so there is no change to shareholding structure or promoter holding percentage. Investors should see no material impact on stock price or ownership dynamics.