Olympic Management: Promoter Reclassification Request
Olympic Management & Financial Services Ltd has received a request for reclassification of shareholding from the 'Promoter/Promoter Group' category to the 'Public' category from Excel Paints Private Limited, holding 2800 shares (0.09%). The reclassification will be considered by the Board of Directors and is subject to stock exchange approval as per Regulation 31A of SEBI (LODR) Regulations, 2015. Excel Paints Private Limited confirms compliance with Regulation 31A(3)(b) conditions and states they have no association with the business or management, do not hold rights to appoint directors, and do not exercise control over management or policy decisions.
Key Highlights
- Olympic Management received a reclassification request from Excel Paints Private Limited.
- Excel Paints seeks to move from 'Promoter' to 'Public' category.
- Excel Paints holds 2800 shares, representing 0.09% of the company.
- Board of Directors will consider the reclassification request.
- Reclassification is subject to stock exchange approval.
Price Impact
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