Application shared with BSE seeking no-objection for re-classification of four promoters to public category
The company has applied to BSE for a "no-objection" to re-classify four promoters — Mayank S. Ramuka, Ramkala S. Ramuka, Sohanlal Suwalal Ramuka HUF and Sohanlal S. Ramuka — from 'Promoter' to 'Public' category under Regulation 31A.
By ScoutQuest · · 1 min read
- Promoters Seeking Re-classification
- Mayank S. Ramuka, Ramkala S. Ramuka, Sohanlal Suwalal Ramuka HUF, Sohanlal S. Ramuka
- Target Category Change
- From 'Promoter' to 'Public' category
- Regulatory Framework
- Regulation 31A of the Listing Regulations
- Status
- Application shared with BSE; no-objection approval awaited
What was shared
The company told BSE that it has made an application seeking a "no-objection" from the exchange for re-classifying certain promoters from the 'Promoter' category to the 'Public' category, under Regulation 31A of the Listing Regulations.
Persons seeking re-classification
- Shri Mayank Sohanlal Ramuka
- Smt. Ramkala Sohanlal Ramuka
- M/s. Sohanlal Suwalal Ramuka HUF
- Shri Sohanlal Suwalal Ramuka
What re-classification means
When a person is in the promoter group, they are treated as being in control or influencing the company's affairs, and face added disclosure and lock-in style obligations. Moving them to the public category means they are treated as ordinary shareholders. The process needs the stock exchange's no-objection before it takes effect.
Background
This intimation follows the company's earlier communications on the same subject dated September 19, 2026 and September 24, 2026. The current update confirms the application stage has been reached.
What to watch
The outcome depends on BSE granting the no-objection. Until then, the shareholding pattern classification stays unchanged. Investors may watch for the exchange's response and the subsequent shareholding pattern disclosure.
Also from Shree Hari Chemicals Export
Alteration to Object Clause of Memorandum of Association
24 Sep 2026
Board Accepts Reclassification of 4 Promoters to Public Category
24 Sep 2026
More numbers
- Promoters seeking re-classification4
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