JAKHARIA FABRIC LIMITED — Important, 29-01-2025: Updates

A group of promoters from Jakharia Fabric Limited has requested reclassification of their shareholding from 'Promoter/Promoter Group' to 'Public Category.' The promoters involved, including Jignesh Himatlal Shah, Dixit Manikchand Shah, and others, have confirmed they do not hold over ten percent of the total voting rights and do not exert control over the company’s management or policy decisions. They have expressly stated any lack of rights to appoint directors or act as key managerial personnel.

The company is currently reviewing the procedural requirements for this reclassification and will update the exchange accordingly. This move may indicate a shift towards increasing public shareholding and could potentially enhance liquidity in the stock. Stakeholders should watch closely for further developments in this reclassification process.