Summary of Key Information:
Nature of Filing / Announcement: Outcome of board meeting regarding reclassification of promoters to public category under SEBI Listing Regulations
Shareholding Changes:
Total Promoter Shareholding Pre-Completion: 3,71,30,124 equity shares (34.82%)
Total Promoter Shareholding Post-Completion: 8,100 equity shares (0.01%)
Key Shareholding Changes:
- Shruti Vishal Rao: 21,10,000 shares (1.98%) → 0 shares (0.00%)
- Vibha Gagan Sharma: 25,75,000 shares (2.42%) → 0 shares (0.00%)
- Narsimha Shibroor Kamath: 3,24,37,024 shares (30.51%) → 0 shares (0.00%)
- Harsh Gagan Sharma: 8,000 shares (0.01%) → 8,000 shares (0.01%)
- Shibroor Ramdas Vasudev Kamath HUF: 100 shares (0.00%) → 100 shares (0.00%)
Compliance Status:
- Outgoing Promoters confirmed compliance with Regulation 31A(3)(b) of Listing Regulations
- Outgoing Promoters undertaken to comply with Regulation 31A(4) requirements
- Company confirmed compliance with sub-clauses (c)(ii) and (c)(iii) of Regulation 31A(3)
- The intent for reclassification was specifically disclosed in letter of offer dated July 18, 2026
Corporate Actions:
Complete change of control with Anupam Rasayan India Limited/Mates Visa Consultancy Private Limited acquiring controlling stake