Shree Rama Multi-Tech Limited — Important, 16-07-2025: Updates

Shree Rama Multi-Tech's application to reclassify Stericon Pharma Private Limited from its promoter group to the public category was rejected by stock exchanges. The decision is due to Stericon being a subsidiary of another existing promoter, Nirma Chemical Works, which holds a 56.53% stake in Shree Rama. Stock exchange rules prevent reclassification if the promoter seeking change and related entities collectively hold more than 10% of voting rights. This means the current promoter structure remains unchanged, highlighting ownership concentration for investors.