StockWatch
·
Edible Oil
Promoter Reclassification8 Jul 2026, 04:15 pm

Integrated Proteins Promoters Seek Reclassification to Public

AI Summary

Integrated Proteins Limited has informed the stock exchange about requests received from its promoters and promoter group to be reclassified from 'Promoter & Promoter group category' to 'Public category' under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification is sought by individuals holding a combined 2.23% stake, totaling 4,17,620 shares. Key individuals like Vinod Prabhulal Mehta (1.72%) and Amrish Vinod Mehta (0.28%) are among those requesting the change. The company's Board of Directors will analyze these requests, and final approval is subject to the stock exchange (BSE Limited) and other necessary regulatory consents. The promoters have provided undertakings confirming they do not hold significant voting rights, exercise control, or possess special rights in the company, and will comply with SEBI regulations post-reclassification.

Key Highlights

  • Promoters of Integrated Proteins seek reclassification to public category.
  • Total promoter holding involved is 2.23% (4,17,620 shares).
  • Reclassification is under SEBI LODR Regulation 31A.
  • Board and BSE approval are required for the change.
  • Promoters provide undertakings regarding control and rights.