Promoter Reclassification15 May 2026, 12:22 pm
Hester Bio: Promoters Request Reclassification to Public Category
AI Summary
Hester Biosciences Ltd has received requests from Mr. Ravin Gandhi and Ms. Bela Gandhi, currently classified as Promoters, to be reclassified as Public shareholders. Mr. Ravin Gandhi holds 403,320 equity shares (4.74% of total voting rights) and Ms. Bela Gandhi holds 400,635 equity shares (4.71% of total voting rights). Both individuals have resigned from management roles and assert they no longer exercise control over the company, meeting the conditions for reclassification under SEBI regulations.
Key Highlights
- Ravin Gandhi and Bela Gandhi request reclassification from Promoter to Public category.
- Ravin Gandhi holds 4.74% and Bela Gandhi holds 4.71% of total voting rights.
- Both individuals state they no longer have management control or special rights.
- The company is processing the requests according to SEBI regulations.
- Reclassification requests comply with Regulation 31A of SEBI LODR.
Price Impact
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