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Heera Ispat Limited has secured approval for a significant ownership update, reclassifying Dharmeshkumar Rameshchandra Mistry from a promoter to a public shareholder. This reclassification involves 1,234 shares, accounting for 0.02% of the company's total holding, a minor shift in the ownership structure. However, the company also received a warning from BSE for a delay in informing the exchanges about the initial reclassification application. This highlights a compliance lapse, and Heera Ispat has been advised to ensure timely disclosures in the future to avoid further issues.