Promoter Reclassification12 May 2026, 09:41 pm
Ventive Hospitality: Promoter Reclassification to Public Category
AI Summary
Ventive Hospitality Ltd's Board of Directors approved requests for re-classification from the 'Promoter and Promoter Group' category to the 'Public' category for eleven members, in compliance with SEBI regulations. This is subject to receiving 'No Objection Certificates' from BSE and NSE and approval from the Members of the Company at the ensuing Annual General Meeting. The members seeking re-classification do not hold any Equity Shares of the Company.
Key Highlights
- Ventive Hospitality approves promoter reclassification to public category for 11 members.
- Re-classification is subject to exchange approvals and shareholder approval.
- The re-classifying members do not hold any equity shares in the company.
- The decision aligns with Regulation 31A of SEBI Listing Regulations, 2015.
- Board meeting was held on May 12, 2026, where the decision was made.
Price Impact
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