Promoter Reclassification22 May 2026, 05:42 pm
Unijolly Investments: Promoters Seek Reclassification to Public Category
AI Summary
Unijolly Investments Company Ltd's Board of Directors considered and approved the request from the company's promoters for reclassification from the 'Promoter' category to the 'Public' category shareholder, as per Regulation 31A of the SEBI Listing Regulations. The outgoing promoters confirmed they meet the criteria, including holding less than 10% of voting rights, no control over company affairs, and no special rights or board positions. The reclassification is subject to stock exchange approval.
Key Highlights
- Unijolly Investments' Board approved promoters' request for reclassification to 'Public' category.
- Outgoing promoters confirmed compliance with SEBI's Regulation 31A criteria.
- Promoters hold 0 shares and 0.00% shareholding.
- Reclassification is subject to BSE approval as per SEBI Listing Regulations.
- Request letter was dated May 15, 2026, and board meeting held on May 22, 2026.
Price Impact
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