Omnitex Industries India Ltd Reclassifies Promoters Under Regulation 31A of SEBI LODR Regulations

Omnitex Industries India Ltd has received a no-objection certificate from the stock exchange for the reclassification of certain individuals from the ‘Promoter/Promoter Group’ category to the ‘Public’ category. The reclassification includes Narendra Dalmia, Manorma Dalmia, Sangeeta Dalmia, and Gautam Narendra Dalmia. Post reclassification, Ashok Metharam Bhawnani, Gul Ramchand Advani, Sun-n-sand Investments and Finance Co. Private Limited, and Sun-n-sand Hotel Private Limited remain in the Promoter & Promoter Group category. The reclassification has resulted in a slight change in the shareholding pattern, with the promoter holding decreasing from 38.53% to 38.08%, and the public holding increasing from 61.47% to 61.92%.