Galaxy Agrico Exports Limited has submitted a regulatory intimation to BSE Limited regarding the submission of an application for reclassification of Promoter(s)/Promoter Group members from "Promoter/Promoter Group Category" to "Public Category" under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The chronology of events is as follows:
- The Company received request letters from Promoter(s)/Promoter Group member(s) seeking reclassification on March 30, 2026 and March 31, 2026
- The receipt of these request letters was intimated to the Stock Exchange on the respective dates of receipt
- The Company intimated the Stock Exchange on April 02, 2026 regarding convening of a Board Meeting to consider the reclassification requests
- The Board of Directors of the Company at its meeting held on April 09, 2026 considered, took on record, and approved the requests received from the concerned Promoter(s)/Promoter Group member(s) for reclassification
- The Company submitted the application for reclassification along with requisite documents and applicable fees to BSE Limited on April 14, 2026 (within 5 days of Board Approval)
The application is presently under process for consideration by BSE Limited. The disclosure is made pursuant to Regulation 31A(8)(c) of SEBI LODR Regulations, 2015.
The document is signed by Prashant Sudhir Khairnar, Director (DIN: 11434708) of Galaxy Agrico Exports Limited.
Financial Impact
Financial impact not quantified in the disclosure. The reclassification represents a change in ownership classification rather than a direct financial transaction.