IEL Limited has seen a reduction in stake by Ambassador Intra Holdings Limited, according to a recent disclosure filed with the BSE Limited.

Transaction Details

On September 17, 2025, Ambassador Intra Holdings sold 2,40,000 equity shares of IEL Limited through open market transactions on the BSE. This sale has resulted in a decrease in Ambassador Intra Holdings' stake in IEL Limited from 7.81% to 7.64%.

Shareholding Impact

The transaction has reduced Ambassador Intra Holdings' shareholding by 0.17 percentage points.

Company Information

IEL Limited has a total equity share capital of Rs. 13,93,92,486, divided into 13,93,92,486 equity shares with a face value of Re. 1 each. Ambassador Intra Holdings is not part of the promoter group of IEL Limited.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires shareholders to disclose their holdings when there are significant changes in their stake in a listed company.

Market Implications

While the sale represents a minor reduction in Ambassador Intra Holdings' stake, it may be of interest to market participants and other shareholders of IEL Limited. Such transactions by significant shareholders can sometimes influence market sentiment or indicate changing perspectives on a company's prospects.

Investors and market analysts may want to monitor further developments or disclosures from both Ambassador Intra Holdings and IEL Limited for any potential impact on the company's stock performance or corporate governance.

IEL Limited , a company listed on the BSE, has taken a significant step towards restructuring its shareholding pattern. The company has submitted an application to BSE Limited for the reclassification of seven individuals from the 'Promoter and Promoter Group' category to the 'Public' category.

Key Details of the Reclassification Request

The reclassification application includes the following individuals:

1. Jhaveri Pradeep Ramniklal, holding 75,000 shares (2.25% equity)
2. Jhaveri Kusumben Ramniklal, holding 50,000 shares (1.50% equity)
3. Sonera Priyam Jhaveri
4. Preeta M Sonawala
5. Priyam Shantilal Jhaveri
6. Gayatri Priyam Jhaveri
7. Nanavati Speciality Chemicals Private Limited

It's noteworthy that while the first two individuals hold significant shares, the remaining five entities do not hold any shares in the company but are still part of the reclassification request.

Implications of the Reclassification

This move by IEL Limited could potentially impact the company's shareholding structure and governance. Reclassification of promoters to public shareholders often indicates a shift in the control and management of a company. It may also affect the company's compliance requirements under various SEBI regulations.

Next Steps

The company has stated that it will keep the public informed about the status of this application as required by regulatory norms. The reclassification process typically involves scrutiny by the stock exchange and may require shareholder approval, depending on the company's articles of association and relevant SEBI regulations.

IEL Limited's stakeholders and potential investors will be keenly watching the developments of this reclassification request, as it could have implications for the company's future direction and governance structure.