Promoter Reclassification31 Mar 2026, 05:34 pm
Promoter of VR Woodart Ltd Seeks Reclassification to Public Category
AI Summary
VR Woodart Ltd has received a request for reclassification from Promoter & Promoter Group to Public Category from Ajay Brijlal Anand, Faze Three Limited, Instyle Investments Private Limited, Vishnu Ajay Anand, Rashmi Ajay Anand, and Rohina Ajay Anand. The request comes after Ajay Anand sold his entire stake in the company and Faze Three Limited transferred its shares to Ms. Maddukuri Mounica and Mrs. Minal Patil. The reclassification is in accordance with Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Ajay Brijlal Anand, Faze Three Limited, Instyle Investments Private Limited, Vishnu Ajay Anand, Rashmi Ajay Anand, and Rohina Ajay Anand have requested reclassification from Promoter & Promoter Group to Public Category.
- Ajay Anand has sold his entire stake in the company, and Faze Three Limited has transferred its shares to Ms. Maddukuri Mounica and Mrs. Minal Patil.
- The reclassification is in accordance with Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Ajay Anand is no longer directly or indirectly associated with the business of the company and has no influence over its business or policy decisions.
- Ajay Anand has confirmed and certified that he complies with the conditions mentioned in Regulation 31A(3)(b) of the SEBI LODR Regulations.
Price Impact
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