Promoter group members seek reclassification from Promoter Group to Public category
Knowledge Marine & Engineering Works has received requests from members of its promoter group to be reclassified from the "Promoter Group" category to the "Public" category.
By ScoutQuest · · 2 min read
- Shareholding - Pankaj Gurbani
- 150 shares (Negligible)
- Shareholding - Bharti Mukesh Daswani
- 30 shares (Negligible)
- Request dates
- Letters dated October 16, 2026; received October 19, 2026
What the company has informed the exchanges
- Knowledge Marine & Engineering Works has received requests from members belonging to its promoter group to move from the "Promoter Group" category to the "Public" category.
- The request letters are dated October 16, 2026, and the company says it received the requests on October 19, 2026.
- The intimation is made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Who has made the request
A list of 16 promoter group members is given. Only two of them show any shareholding:
- Pankaj Gurbani: 150 shares, percentage of shares held shown as "Negligible".
- Bharti Mukesh Daswani: 30 shares, percentage of shares held shown as "Negligible".
- The remaining members in the list are shown holding 0 shares and 0% each. These include Dinesh Mohanlal Kewalramani, Divya Chandnani, Jasmine Andnani, Inder Chandnani, Yash Chandnani, Narayandas Gurbani, Chandra Gurbani, Lalit Gurbani, Viyan Kewalramani, Viya Kewalramani, Kavita Kewalramani, Poonam Nankani, Tanya Karamchandani and Reshma Chandnani.
What happens next
- The requests for reclassification will be considered by the Board of Directors.
- Approval will be subject to the stock exchange, in terms of Regulation 31A.
- The company says it will take appropriate steps in accordance with the Listing Regulations.
Why this matters to a retail investor
- "Promoter Group" is a category of shareholders treated as part of the promoter side. Shares in that category are counted along with promoter holding for purposes such as promoter shareholding disclosures and the minimum public shareholding rules.
- Moving to the "Public" category means those shares, once approved, would be counted on the public side instead.
- Here, the quantities listed against the members are small — 150 shares and 30 shares for two members, and nil for the rest — so the request reads as a change of category for these members rather than a change in the company's ownership pattern in any meaningful quantity.
- The update records a request received and the process that follows. It does not record any approval having been granted by the Board or by the stock exchange.
Key points to keep in mind
- A reclassification needs both Board consideration and stock exchange approval; until then, the members remain in the Promoter Group category as per the update.
- The update states that the same information will be made available on the company's website.
Also from Knowledge Marine & Engineering Works
Board approves promoter group members' re-classification to public category
21 Oct 2026
Sub-division record date fixed: 1 equity share of Rs. 5/- to split into 5 shares of Rs. 1/-
12 Oct 2026
More numbers
- Shares held by Pankaj Gurbani (Promoter Group)150
- Shares held by Bharti Mukesh Daswani (Promoter Group)30
- Percentage of shares held by Pankaj GurbaniNegligible
- Percentage of shares held by Bharti Mukesh DaswaniNegligible
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