Hester Biosciences Shareholders Approve Promoter Reclassification

Hester Biosciences Ltd announced that its shareholders have approved the reclassification of Mr. Ravin Gandhi and Ms. Bela Gandhi from the Promoter and Promoter Group category to the Public Category. This decision was made via an ordinary resolution passed through postal ballot on September 3, 2026, in accordance with SEBI Listing Regulations. The individuals will no longer be reported as part of the Promoter Shareholders in future shareholding patterns. The company has received no-objection letters from BSE and NSE for this reclassification. The resolution confirms that the reclassified individuals meet SEBI's criteria, including not holding more than 10% of equity, not exercising control, and not having special rights or board representation.