Godha Cabcon & Insulation Limited — Important, 30-12-2024: Updates

The Board of Godha Cabcon & Insulation Limited has considered and approved requests from key members of the Promoter Group for their reclassification to the Public Category. This move affects individuals holding 0.00% of the company's total equity and was initiated due to a separation agreement acknowledging their lack of involvement in the company's operations and affairs. The Board's decision is subject to approvals from regulatory authorities. As the outgoing promoters hold less than 1% of the total voting shares, no shareholder approval is required. This change is expected to enhance the transparency of the company's ownership structure. Investors should monitor these developments closely as they reflect ongoing strategic realignments within the company.