
Promoter Reclassification29 May 2026, 01:27 am
WIRES AND FABRIKS Board Approves Promoter Reclassification
AI Summary
The Board of Directors of WIRES AND FABRIKS (S.A.) LIMITED, in a meeting held on May 28, 2026, approved the request from Mrs. Divisha Khaitan Kedia, Mrs. Pranika Khaitan Rawat, and Mrs. Varshita Khaitan Ruia for reclassification from the "Promoter Group" to the "Public" category. The company received these requests on May 20, 2026, dated May 12, 2026. The Board analyzed the requests and decided to accept them, forming an opinion to move a formal application to the stock exchanges for their no-objection, as per Regulation 31A of SEBI (LODR) Regulations, 2015. The formal application will be filed within the stipulated time.
Key Highlights
- Board approved reclassification of three promoter group members.
- Members will move from 'Promoter Group' to 'Public' category.
- Formal application to stock exchanges for no-objection is pending.
- Reclassification is under SEBI (LODR) Regulations, 2015.
Price Impact
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