Promoter group entity Kamla Business Ventures LLP seeks reclassification to Public category

The company has received a request from Kamla Business Ventures LLP, part of its Promoter & Promoter Group, to be reclassified as Public under SEBI LODR Regulation 31A.

Tue 6 Oct 2026

Applicant entity

Kamla Business Ventures LLP

Regulation cited

SEBI LODR Regulation 31A

Requested category

Public

An application to step out of the promoter fold

• Kamla Business Ventures LLP, currently part of the "Promoter & Promoter Group" of the company, has asked the company to initiate the process for reclassifying it to the "Public" category.
• The company has informed the exchange that it received this request, made under Regulation 31A, and disclosed it under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What the applicant has declared

• It does not exercise any direct or indirect control over the affairs of the company.
• It does not have any special rights in the company through formal or informal arrangements with the company or its promoters.
• It is not represented on the Board of Directors and does not hold any position as Key Managerial Personnel.
• It is not involved in the day-to-day affairs, management or decision-making process of the company.
• It has no intention to exercise or influence control over the company.
• It is not acting as a promoter or person in control of the company.

What the applicant has asked for

• The LLP has requested the company to initiate the necessary process for the reclassification and to place it before the Board of Directors and thereafter before the shareholders of the company, as may be required under applicable provisions.
• It has undertaken to provide such further information, declarations and documents as may be required by the company, stock exchange(s), SEBI or any other regulatory authority in connection with the proposed reclassification.

How a retail investor can read this

• Reclassification is a change in the category under which a shareholder is counted, from "Promoter & Promoter Group" to "Public".
• What the update records is that a request has been received from the LLP, along with the declarations it has made about control, special rights, board representation and involvement in management.
• The request is described as a request to initiate the process; the steps that follow involve the company, its Board of Directors and its shareholders as applicable.

The letter from the LLP is signed by Shaleen Goyal, Designated Partner, and the company's covering letter to the exchange is signed by Abhijeet Kacharu Jagtap, Managing Director.

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