Shree Securities: Promoter Group Seeks Re-classification to Public

Shree Securities Ltd has received requests from individuals and entities within its promoter group seeking re-classification to the 'Public' category under SEBI (LODR) Regulations, 2015. Notably, Mr. Manik Chand Pugalia, a promoter, has expired, necessitating his re-classification. Other applicants, including Faber Trexim Private Limited, cite lack of association with business decisions and control over company affairs as reasons for their request. The company will proceed with the re-classification subject to Board approval and regulatory compliance.