Promoter Group Members of Greenpanel Industries Limited Seek Public Category Reclassification
Greenpanel Industries Limited has received requests from several members of its Promoter Group to be reclassified as public shareholders. The entities and individuals involved have submitted formal requests to change their status, citing a lack of involvement in the daily operations and decision making processes of the company.The request for reclassification involves eight specific members of the Promoter Group. According to the records, all requesting parties hold nil equity shares and do not hold any special rights in the company through formal or informal arrangements.
The following table summarizes the entities and individuals seeking reclassification:
| Name | Category | Shareholding (No. of equity shares held) | Shareholding (%) |
|---|---|---|---|
| Rajesh Mittal | Promoter Group | Nil | 0.00% |
| Karuna Mittal | Promoter Group | Nil | 0.00% |
| Sanidhya Mittal | Promoter Group | Nil | 0.00% |
| Rajesh Mittal & Sons HUF | Promoter Group | Nil | 0.00% |
| RS Homcon Limited | Promoter Group | Nil | 0.00% |
| Shakuntala Safeinvest Pvt. Ltd. | Promoter Group | Nil | 0.00% |
| RKS Family Foundation | Promoter Group | Nil | 0.00% |
| Rajesh Mittal, Sanidhya Mittal and Karuna Mittal on behalf of Trade Combines partnership firm | Promoter Group | Nil | 0.00% |
The applicants have provided specific rationale for the reclassification request based on their current standing with Greenpanel Industries Limited. The requesting parties confirmed that they do not exercise control over the affairs of the company, directly or indirectly. Furthermore, they stated they are not involved in the day to day affairs of the company and do not hold any Key Managerial Positions.
The applicants also confirmed that they are not represented on the Board of Directors, including the absence of nominee directors. They further declared that none of the requesting parties are willful defaulters or fugitive economic offenders as per relevant guidelines.
The Board of Directors of Greenpanel Industries Limited is scheduled to consider these requests for reclassification during the next Board Meeting. The company will take the necessary steps following the board's review of the requests.
GREENPANEL Stock Price Movement
Shares of Greenpanel Industries Limited are edging higher to ₹202.14 as of 2:29 PM today, gaining 0.04% in live trading. The stock is seeing active interest with a total volume of 93,032 shares traded so far this session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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