RACL Geartech Limited — Important, 15-05-2025: Updates

RACL Geartech’s promoter, The Pradeshiya Industrial and Investment Corporation of U.P. Ltd., has reduced its stake from 13.94% to 9.30% by selling 5 lakh shares in the open market. The company’s equity share capital remains unchanged at Rs. 10.78 crore. This significant drop in promoter holding could affect control dynamics but does not impact the company’s operations or capital structure.