Date: July 21, 2026
Shareholding Reclassification Request
The company has received formal requests from 10 members of the Promoter Group seeking reclassification from the 'Promoter Group' category to the 'Public' category pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Applicants and Shareholding Details
The outgoing members of the Promoter Group and their shareholding as of June 30, 2026 are:
- Eldho Abraham: 45,569 shares (0.0163%)
- Sara Macheril George: 40,000 shares (0.0143%)
- Binoy Abraham: 30,971 shares (0.0111%)
- Emali Rajan: 29,166 shares (0.0104%)
- Joel Lazar: 28,749 shares (0.0103%)
- Jerin Lazar: 24,318 shares (0.0087%)
- Sally Sampath: 5,900 shares (0.0021%)
- Susan Raju: 3,500 shares (0.0013%)
- Lazar M A: 0 shares (0%)
- Saramma Thomas: 0 shares (0%)
Total Shares: 208,173
Total Percentage: 0.0745% of total paid-up equity share capital
Conditions and Confirmations
The applicants have confirmed that they satisfy all conditions prescribed under Regulation 31A(3)(b)(i) to (vii) of the SEBI Listing Regulations. They have specifically confirmed:
- Financial and operational independence from Mr. C. J. George, Promoter
- No direct or indirect business association with Mr. C. J. George
- No common commercial interest with Mr. C. J. George
- No association through any entity under common control or influence
Impact on Control and Management
The continuing promoters collectively hold 38.41% of the total shareholding. The proposed reclassification of 0.0745% stake will not result in any change in the control and management of the company.
Approval Process
The requests for reclassification will be placed before the Board of Directors at its meeting scheduled for July 22, 2026 for consideration. The reclassification is subject to:
- Approval of the Board of Directors
- Approval of the shareholders of the company
- Approval of the Stock Exchanges