StockWatch
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Iron & Steel Products
Investment26 Nov 2025, 03:18 pm

Pradhin Ltd Receives Approval for Promoter Reclassification from BSE

AI Summary

Pradhin Ltd has received approval from Bombay Stock Exchange (BSE) for the reclassification of Nandkishore Sonthalia & Nitin Vittalrao Thorave from the ‘Promoter Group’ category to the ‘Public’ category. The company had previously submitted an application to BSE for this reclassification on August 6, 2025, but the disclosure regarding the same was made only on September 19, 2025. This delay in disclosure has been viewed seriously by the BSE, and the company has been advised to avoid such lapses in the future.

Key Highlights

  • Pradhin Ltd receives approval from BSE for promoter reclassification
  • Nandkishore Sonthalia & Nitin Vittalrao Thorave reclassified from ‘Promoter Group’ to ‘Public’ category
  • Company had applied for reclassification on August 6, 2025
  • Disclosure regarding the reclassification was made on September 19, 2025
  • BSE has issued a warning letter to the company regarding the delay in disclosure