Kalpataru Projects International Limited has announced the receipt of requests from shareholders, currently classified under the ‘Promoter Group’, to be reclassified as ‘Public’ category shareholders. This action is being taken under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will examine these requests and place them before the Board of Directors for consideration and necessary approvals, potentially altering the company’s promoter shareholding structure.
Shareholder Reclassification Initiated
Kalpataru Projects International Limited has informed stakeholders about receiving requests from shareholders to change their classification from the ‘Promoter Group’ to the ‘Public’ category. This process, initiated on November 3, 2026, aligns with the guidelines stipulated under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Shareholder Requests
The requests have been submitted by two shareholders:
- Imtiaz Kanga, currently classified as ‘Promoter Group’, holds 18,37,990 equity shares, representing 1.08% of the total number of shares.
- Yasmin Imtiaz Kanga, also classified as ‘Promoter Group’, holds 3,00,000 equity shares, constituting 0.18% of the total number of shares.
Next Steps and Board Consideration
The company will undertake a thorough examination of these requests in accordance with the applicable Listing Regulations. Subsequently, the matter will be presented to the Board of Directors for its review and consideration. Subject to obtaining necessary approvals and completing the prescribed formalities, Kalpataru Projects International Limited will proceed with the necessary steps, including submitting the application to the respective stock exchanges.
Source: BSE
