BSE grants no-objection for reclassifying three promoters to public category
Healthy Investments Ltd said BSE has granted no-objection to reclassify three promoters from the "Promoter" category to "Public" category.
By ScoutQuest · · 2 min read
- BSE No-Objection Date
- October 22, 2026
- Application Date to BSE
- May 26, 2026
- Shares Held by Reclassified Persons
- 0 shares (total 0 shares)
What the company informed the exchange
The company said BSE has granted its no-objection for reclassifying three persons from the "Promoter" category to the "Public" category. The company had applied to BSE on May 26, 2026, and BSE's letter is dated October 22, 2026.
Who is being reclassified
- Jagadish Prasad Kanuri
- K. Harishchandra Prasad
- K Rama Krishna Prasad
For each of them, the "Category Pre-Reclassification" is shown as Promoter and the "Category Post-Reclassification" as Public.
Shareholding position
The table in the disclosure shows 0 shares against each of the three names, and a total of 0 shares. The company also stated that the persons seeking reclassification, together with their related persons, do not hold any shares in the company.
What this means in simple terms
A promoter is a person or group identified as being in control or in a position to influence the company. Moving a member of the promoter group to the public category changes how that person is classified in the company's records and disclosures, not how many shares anyone owns in this case.
Because the persons being reclassified hold 0 shares, the company said the requirement of obtaining shareholders' approval under Regulation 31A(3)(vi) of the SEBI LODR Regulations does not apply.
Why the exchange step matters
Reclassification of a promoter needs the stock exchange's no-objection before it can proceed under Regulation 31A. BSE's letter records that the Exchange grants the no-objection for the three persons named.
The exchange also asked the company to ensure compliance with subsequent relevant disclosures of material events related to this reclassification.
What to keep an eye on
- The promoter category in the company's shareholding pattern will reflect this change once updated.
- The company has stated it will make the follow-up disclosures required for the reclassification.
In short, this is a classification change affecting three promoter-category persons who hold 0 shares, following BSE's no-objection to the company's application.
More numbers
- Total shares held by the three persons being reclassified0
- Number of promoters/promoter group persons being reclassified3
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