Other Financial Services
Reclassification of Shareholding2 April 2026 at 09:12 am

Kalind Ltd: Promoters Seek Reclassification from Promoter to Public Category

AI Summary

Kalind Ltd has received a request from its promoters, Yagnik Bharatkumar Tank and Deniis Bhupendra Desai, seeking reclassification from the 'Promoter' to the 'Public' category. This decision comes as Mr. Tank has sold all his shares in the company and Mr. Desai holds no shares. The re-classification is subject to the approval of the Board of Directors and BSE Limited. The promoters have confirmed that they do not hold more than 10% of the total voting rights, do not exercise control over the company, and are not privy to any price sensitive information.

Key Highlights

  • Promoters Yagnik Bharatkumar Tank and Deniis Bhupendra Desai seeking reclassification from 'Promoter' to 'Public' category
  • Yagnik Bharatkumar Tank has sold all his shares in the company
  • Deniis Bhupendra Desai holds no shares
  • Re-classification subject to approval of Board of Directors and BSE Limited
  • Promoters have confirmed they do not hold more than 10% of total voting rights, do not exercise control, and are not privy to price sensitive information