Shareholders Approve Reclassification of a Promoter Group Member to Public Category
At the AGM held on September 26, 2026, shareholders approved shifting Ms. Pramila Rajesh Soni from the 'Promoter Group' category to the 'Public' category, by ordinary resolution.
By ScoutQuest · · 1 min read
- Reclassification Decision
- Ms. Pramila Rajesh Soni approved to shift from 'Promoter Group' category to 'Public' category
- Resolution Type
- Ordinary resolution
- AGM Date
- September 26, 2026
- Regulatory Framework
- Regulation 31A(8)(c) of SEBI LODR
- Approval Status
- Subject to BSE approval
What was shared
The company informed BSE that shareholders at the Annual General Meeting held on September 26, 2026 approved the reclassification of Ms. Pramila Rajesh Soni from the 'Promoter Group' category to the 'Public' category.
- The resolution was passed as an ordinary resolution.
- It was done under Regulation 31A(8)(c) of SEBI LODR.
- It follows earlier intimations dated September 03, 2026 on the request from promoter group members and the Board's approval.
- The reclassification is subject to the approval of BSE Limited.
What reclassification means
Shareholding in a listed company is disclosed in two broad buckets: promoter/promoter group and public. Reclassification moves a person from the promoter group bucket to the public bucket, typically when that person is no longer involved in the management or control of the company. It changes how the holding is reported; it is not a sale of shares by itself.
What to watch
The change takes effect only once BSE grants its approval. Subsequent shareholding pattern disclosures will show the revised promoter and public categories.
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