Promoter Reclassification18 Apr 2026, 01:30 pm
Ajwa Fun World & Resort Board approves promoter reclassification
AI Summary
Ajwa Fun World & Resort Ltd's Board of Directors approved the reclassification of shares held by Mr. NILESH K JAIN, Mr. MANISH M JAIN, and Mr. KAMLESH K JAIN from the 'Promoter Group' to the 'Public Category'. The decision was made at a board meeting on April 18, 2026, and is subject to approval from BSE Limited. The three individuals collectively hold 21,300 equity shares, representing 0.34% of the company's paid-up capital. This reclassification aligns with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board affirmed that these individuals do not exercise control, are not involved in management, and hold no special rights in the company.
Key Highlights
- Board approved reclassification of three promoters to public category.
- Mr. NILESH K JAIN, Mr. MANISH M JAIN, and Mr. KAMLESH K JAIN are reclassified.
- They collectively hold 0.34% of Ajwa Fun World's paid-up capital.
- The reclassification is subject to approval from BSE Limited.
- This action is in accordance with SEBI Regulation 31A.
Price Impact
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