StockWatch
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Diversified Commercial Services
Promoter Reclassification1 May 2026, 05:01 pm

Hem Holdings: Sim Prabha Estates seeks reclassification to public

AI Summary

Hem Holdings & Trading Ltd has submitted an application to BSE Limited on May 1, 2026, seeking No Objection for the reclassification of M/s. Sim Prabha Estates & Trading Co.(P) Ltd from the "Promoter / Promoter Group" category to the "Public" category. This action follows the approval by the Board of Directors on April 29, 2026, and a request from Sim Prabha Estates on April 24, 2026. As of the intimation date, Sim Prabha Estates & Trading Co.(P) Ltd holds no equity shares in Hem Holdings and meets the conditions specified under Regulation 31A(3)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation is made in compliance with Regulation 31A(8).

Key Highlights

  • Company applied for promoter reclassification to public category.
  • M/s. Sim Prabha Estates & Trading Co.(P) Ltd is the entity.
  • The entity currently holds no equity shares in the company.
  • Reclassification is as per SEBI Regulation 31A.
  • Board approved the reclassification on April 29, 2026.