Promoter Reclassification3 Nov 2026, 05:23 pm
Kalpataru Projects: Promoter Group Seeks Reclassification
AI Summary
Kalpataru Projects International Ltd has received requests from two shareholders, Imtiaz Kanga and Yasmin Imtiaz Kanga, seeking reclassification from 'Promoter Group' to 'Public' category. Imtiaz Kanga holds 18,37,990 shares (1.08% stake) and Yasmin Imtiaz Kanga holds 3,00,000 shares (0.18% stake). The company will review these requests in line with SEBI regulations and place them before the Board of Directors for consideration. Subsequent steps will involve necessary approvals and submission to stock exchanges.
Key Highlights
- Two shareholders request reclassification from Promoter Group to Public.
- Requests submitted by Imtiaz Kanga and Yasmin Imtiaz Kanga.
- Combined shareholding subject to reclassification is 1.26%.
- Company to review requests and seek Board approval.
- Process involves SEBI regulations and stock exchange submissions.
Price Impact
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