Promoter Reclassification6 Oct 2026, 11:50 am
Ganon Products Ltd: Promoter Seeks Reclassification to Public
AI Summary
Ganon Products Ltd has received a request from Kamla Business Ventures LLP, a promoter entity, to be reclassified from the 'Promoter & Promoter Group' category to the 'Public' category. This reclassification is sought under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kamla Business Ventures LLP has provided declarations confirming they do not exercise control, hold special rights, are not represented on the Board, and are not involved in the company's day-to-day affairs or management. The company will initiate the necessary process, including board and potentially shareholder approval, for this reclassification.
Key Highlights
- Promoter entity Kamla Business Ventures LLP requests reclassification to 'Public'.
- Reclassification is based on SEBI LODR Regulations 31A.
- Promoter confirms no control or management involvement.
- Company to initiate reclassification process via board and shareholder approval.
Price Impact
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