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Industrial Investment Trust Ltd has received a request from promoter group member Mr. Swaran Singh for reclassification to the 'Public' category. Mr. Singh holds 25,000 equity shares, representing 0.13% of the company's total voting rights. The company will now undertake necessary compliance steps under SEBI Regulation 31A.
Maha Rashtra Apex Corporation Ltd has received a request from promoter T Satish U Pai for reclassification to the 'Public' category. The promoter holds 120 equity shares (0% stake) and cites a lack of control or management involvement. The request will be considered at the next Board of Directors meeting.
Davangere Sugar Company Ltd received approval from BSE and NSE to reclassify S S Mallikarjuna and S B Murugesh as public shareholders. The reclassification reduces the promoter holding from 41.78% to 41.63%, transferring 20,81,740 shares to the public category. This change follows applications submitted in October 2024.
Amalgamated Electricity Company Ltd received reclassification requests from seven promoter group entities, including Mrs. Veena Dalal and CIFCO Limited, to move to the 'Public' category. The requests cover a total of 3,426 shares (0.12% stake). The reclassification is subject to board and regulatory approvals as per SEBI LODR Regulations.
Sera Investments & Finance India Limited has applied to BSE for the reclassification of promoters Mr. Mahendrabhai Gulabdas Patel and Mr. Munjal Mahendrabhai Patel to the Public category. Both outgoing individuals currently hold zero shares in the company. The application follows a request received from the promoters seeking reclassification.
Epuja Spiritech Ltd has applied to BSE for the reclassification of Divit India Services and Winfotel Infomedia Technologies from 'Promoter Group' to 'Public'. The entities hold 0.06% and 7.95% stakes, respectively. This move follows formal requests from the shareholders and is subject to exchange approval.
Akme Fintrade (India) Limited received a request from Star Housing Finance Limited to reclassify its status from 'Promoter Group' to 'Public'. Star Housing Finance Limited currently holds zero shares in the company. The request is subject to approval by the Board of Directors and relevant stock exchanges.
Nova Iron & Steel Ltd's Board approved the reclassification of Mr. Aniket Singal and two others from 'Promoter' to 'Public' category. The outgoing group collectively holds a 9.09% stake (32,83,600 shares). The reclassification remains subject to shareholder and stock exchange approvals.
Haleos Labs Ltd has received annual declarations from erstwhile promoters Mr. Suresh Babu Potluri and Mr. Hari Kishore Potluri. They confirm continued compliance with SEBI's reclassification norms, holding less than 10% voting rights and exercising no control over the company. This maintains their status within the public shareholding category.
Ajwa Fun World & Resort Ltd received requests from promoters Nilesh K Jain, Manish M Jain, and Kamlesh K Jain for reclassification to the 'Public' category. The individuals hold a combined 0.34% stake and cite negligible shareholding and lack of management control as reasons for the request.
GHV Infra Projects Limited received a request from promoter group member Husena A Musamji to re-classify 37,50,000 equity shares (5.20% stake) from 'Promoter' to 'Public' category. The request is subject to approval from the Board of Directors and BSE Limited.
Kalind Ltd has submitted an application to BSE Limited for the reclassification of Yagnik Bharatkumar Tank and Deniis Bhupendra Desai from the 'Promoter' category to the 'Public' category. Both individuals currently hold zero shares in the company. This move aligns the regulatory classification with their actual shareholding status.
Kisan Mouldings Ltd received a No-Objection Certificate from BSE for the reclassification of Mrs. Bindiya Aggarwal from Promoter to Public category. The exchange also issued an advisory note regarding delayed disclosure of the original application. The company will now take steps to formalize the status change.
Windsor Machines Limited has filed an application with stock exchanges for the reclassification of erstwhile promoters, Castle Equipments and Ghodbunder Developers, to the public category. This regulatory update follows the requirements of SEBI LODR Regulations and reflects changes in the company's promoter group structure.
Standard Shoe Sole and Mould (India) Ltd received BSE approval to reclassify 14 promoter group entities to the 'Public' category. This includes BG Chemicals and 13 individuals, collectively holding a 6.87% stake. Post-approval, the total public shareholding increases to 98.45%, significantly reducing promoter control.