Shree Securities Ltd Approves Reclassification of Promoters to Public Category Shareholders
Shree Securities Ltd's Board of Directors approved the re-classification request for several promoters and promoter group members, transitioning their status from 'Promoter/Promoter Group' category to 'Public' category shareholders. The decision follows a review of submissions confirming that these individuals and entities do not hold key managerial positions or participate in the company’s management operations.The Board meeting, held on June 15, 2026, accepted the request for re-classification from Amrita Sharma, Subhash Chandra Dadhich, Faber Trexim Private Limited, Meghshree Credit Private Limited, and Manik Chand Pugalia. These individuals and groups currently hold a combined shareholding of 0.44% in Shree Securities Ltd.
A key component of the Board's decision involved acknowledging the demise of Mr. Manik Chand Pugalia, who passed away on December 4, 2024. Consequently, his name is being removed from the Promoter/Promoter Group category within the company’s records.
The promoters and promoter group members submitted letters dated June 8, 2026, confirming that they are neither part of the Board nor hold any special rights or managerial positions in the Company.
The following individuals and entities were subject to the re-classification:
| Name of Promoter / Promoter Group | Category |
|---|---|
| Amrita Sharma | Promoter |
| Manik Chand Pugalia | Promoter |
| Subhash Chandra Dadhich | Promoter |
| Faber Trexim Private Limited | Member of Promoter Group |
| Meghshree Credit Private Limited | Member of Promoter Group |
The Board unanimously approved the re-classification request, subject to the necessary approvals from shareholders and the Stock Exchanges. Upon receiving these requisite approvals, the company will incorporate this status change into its statement of shareholding pattern in subsequent disclosures.
Stock Price Movement
At the close of trade, Shree Securities Ltd settled at ₹0.21, ticking up 5.00%. The shares traded within their intraday range, moving between a low of ₹0.20 and a high of ₹0.21.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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