
Ishaan Infrastructures Promoter Reclassification Request
Ishaan Infrastructures and Shelters Ltd has received a request from Pradip Bachubhai Shah to re-classify his status from 'Promoter' to 'Public' category under Regulation 31A of SEBI (LODR) Regulations, 2015. Shah currently holds no shares in the company, thus the re-classification will not impact the promoter and promoter group's overall shareholding. The request will be presented to the Board of Directors for consideration and necessary approvals. Shah has certified that he does not exercise control, hold special rights, represent on the board, or act as a Key Managerial Person, and is not a wilful defaulter or fugitive economic offender. He also confirmed that he and his related persons do not hold any shares and there are no pending regulatory actions against him. He commits to complying with SEBI regulations post-reclassification.
Key Highlights
- Request received to re-classify promoter to public category.
- Re-classification will not impact promoter group's shareholding.
- Applicant holds no shares and exercises no control.
- Request subject to Board of Directors' approval.
- Compliance with SEBI regulations is assured.
Price Impact
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