StockWatch
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Amusement Parks/ Other Recreation
Promoter Reclassification18 Apr 2026, 02:01 pm

Ajwa Fun World: 3 Promoters Reclassified to Public Category

AI Summary

Ajwa Fun World & Resort Ltd's Board of Directors approved the reclassification of Mr. Nilesh K Jain, Mr. Manish M Jain, and Mr. Kamlesh K Jain from the 'Promoter Group' to the 'Public Category' shareholder. The decision was made at a board meeting on April 18, 2026, and is subject to approval from BSE Limited. These individuals hold 0.12%, 0.06%, and 0.16% of the paid-up capital, respectively. The reclassification aligns with Regulation 31A of the SEBI Listing Regulations, 2015, as the individuals confirmed they do not exercise control, are not involved in the company's management, and do not hold any special rights.

Key Highlights

  • Ajwa Fun World Board approved reclassification of three promoters.
  • Nilesh K Jain, Manish M Jain, Kamlesh K Jain moved to public category.
  • They hold 0.12%, 0.06%, and 0.16% stakes respectively.
  • Reclassification is subject to approval from BSE Limited.
  • Individuals confirmed no control or management involvement per SEBI norms.