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Edvenswa Enterprises has applied to BSE to reclassify Mr. Y. Ramesh Reddy from the 'Promoter' category to the 'Public' category. Mr. Reddy currently holds 18,96,000 shares, representing 6.49% of the company's total holding. This reclassification, following prior requests and a board meeting, signifies a shift in the company's ownership structure. For investors, this means a notable shareholder is moving out of the promoter group, potentially altering ownership concentration and implications for corporate governance.