Swarnsarita Jewels: Promoters Seek Reclassification to Public

Swarnsarita Jewels India Ltd has filed an application with the exchange for the reclassification of two promoters, Seema R Chordia and Rajendra M Chordia, from the 'Promoter and Promoter Group' category to the 'Public' category. This reclassification is in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the applicants no longer exercise control or hold special rights in the company and are not represented on the Board or as Key Managerial Personnel. Their combined shareholding is currently 0%, well below the statutory limit. The Board of Directors has approved this request. The company is seeking the exchange's No Objection Certificate for this change.