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MFL India Limited has announced a board meeting to consider the reclassification of Mr. Vineet Arora from the promoter and promoter group category to the public shareholder category. Mr. Arora holds 15,12,602 shares, representing 0.42% of total shareholding, and confirms he does not control the company, hold special rights, represent the board, or act as a key managerial person. This change, subject to shareholder approval, reflects a reduction in promoter influence and could impact shareholding classification and governance dynamics.