Shareholders Approve Reclassification of Sudhakara Varma Yarramraju from Promoter to Public Category
At the 43rd AGM held on 28 September 2026, shareholders approved by ordinary resolution the reclassification of Mr. Sudhakara Varma Yarramraju from the 'Promoter' category to the 'Public' category.
- AGM Date
- 28 September 2026
- Person Reclassified
- Mr. Sudhakara Varma Yarramraju
- Reclassification
- From 'Promoter' category to 'Public' category
- Approval Type
- Ordinary Resolution
- BSE No Objection Letter Date
- 10 August 2026
What was announced
The company informed BSE that its shareholders have approved the reclassification of Mr. Sudhakara Varma Yarramraju from the 'Promoter' category to the 'Public' category.
How it was approved
- Approved by way of an Ordinary Resolution at the 43rd Annual General Meeting held on Monday, 28 September 2026.
- The AGM was held through Video Conferencing / Other Audio-Visual Means.
- This followed the No Objection Letter received from BSE Limited dated 10 August 2026.
- The update is made under Regulation 30 read with Regulation 31A(8) of the SEBI Listing Regulations.
Effective date
The reclassification is effective from 28 September 2026, and will be reflected in the shareholding pattern of the company shared hereafter.
What this means in simple terms
Promoters are the persons who founded or control a company and carry specific disclosure and governance obligations. When a person is reclassified to the public category, they are no longer treated as part of the promoter group for regulatory purposes. Such reclassification requires exchange no-objection and shareholder approval, both of which have now been completed here. The reported promoter shareholding of the company will change accordingly in subsequent shareholding pattern disclosures.
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