Promoter Reclassification11 Sept 2026, 03:40 pm
Rubfila International Board Approves Promoter Reclassification Process
AI Summary
Rubfila International's Board of Directors has approved initiating the process for re-classifying Mrs. Bharati Bharat Dattani from the 'Promoter and Promoter Group' category to the 'Public' category. This decision follows her request and confirmation that she does not exercise control over the company, nor has any special rights or involvement in management. The re-classification is subject to fulfilling all regulatory conditions, obtaining no-objection from stock exchanges, and shareholder approval.
Key Highlights
- Board approved initiating promoter re-classification process for Mrs. Bharati Bharat Dattani.
- Re-classification is from 'Promoter' to 'Public' category.
- Decision is subject to regulatory compliance and approvals.
- Shareholder approval will be sought post stock exchange clearance.
- Mrs. Dattani holds 1.28% of the company's paid-up equity share capital.
Price Impact
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