Shareholders approve reclassification of Raconteur Granite Limited from Promoter to Public category

Shareholders at the 51st AGM held on September 30, 2026 approved reclassifying Raconteur Granite Limited from the 'Promoter/Promoter Group' category to the 'Public' category with requisite majority.

Thu 1 Oct 2026

Shares Reclassified

5,00,000 equity shares

Percentage of Paid-up Equity Capital

2.85%

AGM

51st AGM held on September 30, 2026

Reclassification Direction

from the 'Promoter/Promoter Group' category to the 'Public' category

Entity Reclassified

Raconteur Granite Limited

What the company announced

• Pipan Oils Ltd has informed the stock exchanges that its shareholders, at the 51st Annual General Meeting held on Wednesday, September 30, 2026, approved the reclassification of Raconteur Granite Limited from the 'Promoter/Promoter Group' category to the 'Public' category with requisite majority.
• This was taken up as Item No. 8 of the AGM.
• The change of category was put to a vote after a request from Raconteur Granite Limited itself, which asked for its status to be moved from the 'Promoter/Promoter Group' category to the 'Public' category.

How it reached the shareholders

• The Board of Directors, at its meeting held on 28th May 2026, considered and noted the request and approved the proposal, subject to fulfilment of the conditions prescribed under Regulation 31A of the SEBI LODR Regulations, receipt of the requisite No-Objection Letter from the recognised stock exchange(s) and approval of the members.
• BSE granted its no-objection for the reclassification vide its letter LIST/COMP/SJ/156/2026-27 dated August 4, 2026.
• The resolution was then placed before the members for approval.

The numbers involved

• Number of equity shares held by Raconteur Granite Limited: 5,00,000.
• This is 2.85 of the paid-up equity share capital of the company, as printed in the explanatory statement's table of details.
• The same figures appear in the resolution — a holding of 5,00,000 equity shares, constituting 2.85% of the paid-up equity share capital.

What actually changes

• The company states that Raconteur Granite Limited is now reclassified to the 'Public' category shareholder with immediate effect.
• It will not be reported as part of the Promoter Shareholders in the shareholding pattern that will be shared with the stock exchanges going forward.
• In simple terms, a shareholder who was earlier counted in the promoter group is now to be counted in the public category, for the purpose of shareholding pattern reporting.

Conditions attached to the resolution

• The resolution states that the reclassification is subject to completion of the procedure prescribed under Regulation 31A of the SEBI LODR Regulations and to such other approvals, permissions and consents as may be required from the recognised stock exchange(s), SEBI and/or any other statutory or regulatory authority.
• The company has stated that it shall take the necessary steps for giving effect to the reclassification only upon completion of the applicable regulatory process and receipt of the requisite approvals.
• Directors and/or the Company Secretary have been authorised to make the necessary applications, submissions, intimations and updates with the recognised stock exchange(s), SEBI, Registrar of Companies and/or any other regulatory or statutory authority as may be applicable.

Points a retail investor may note

• This is an update about who is counted as a promoter, not a change in the company's business operations.
• The promoter category of the shareholding pattern is followed closely because it shows how much of the company is held by those in control; a movement of 5,00,000 shares out of that category changes the promoter-versus-public split in future updates.
• The shareholder approval has been obtained with requisite majority, and the certified copy of the resolution, the exchange's no-objection letter and voting results are enclosed with the intimation.

In one line

A 2.85% promoter-category holding of 5,00,000 equity shares is being reclassified as public category following shareholder approval, subject to completion of the prescribed process and receipt of the requisite approvals.

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