NewsCorporate ActionsIntegra Switchgear Secures BSE Approval for Major Promoter ReclassificationIntegra Switchgear Secures BSE Approval for Major Promoter Reclassification
Pushpsons Industries, listed on BSE, has received approval for reclassifying 16 promoters and promoter group members as public shareholders. The reclassification, approved on November 14, 2025, includes key members of the Vora family and associated entities. Despite this change, the overall shareholding structure remains at 68.60% promoter holding and 31.40% public holding. The company emphasizes compliance with SEBI regulations in this corporate action.
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Pushpsons Industries , a company listed on the Bombay Stock Exchange (BSE), has received approval for a significant change in its shareholding structure. The BSE has given the green light for the reclassification of multiple promoters and promoter group members to public shareholders, a move that could potentially impact the company's governance and ownership dynamics.
Key Details of the Reclassification
The BSE approval, granted on November 14, 2025, allows for the reclassification of several key individuals and entities from the "Promoter and Promoter Group" category to the "Public" category. This reclassification is in accordance with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
Individuals and Entities Affected
The reclassification impacts a total of 16 individuals and entities, including prominent members of the Vora family and associated companies. Some of the key names include:
| Name | Previous Category |
|---|---|
| Mr. Pankaj Jamnadas Vora | Promoter |
| Mr. Deepak Jamnadas Vora | Promoter |
| Mr. Mayur Jamnadas Vora | Promoter |
| M/s Vora Mayur Jamnadas HUF | Promoter Group |
| M/s Vora Deepak Jamnadas HUF | Promoter Group |
| Bimal Switchgear Private Limited | Promoter Group |
Implications of the Reclassification
While this reclassification changes the categorization of these shareholders, it's important to note that the overall shareholding distribution remains unchanged. The company's shareholding structure continues to maintain 68.60% promoter holding and 31.40% public holding.
Regulatory Compliance
Pushpsons Industries has emphasized that this reclassification is in full compliance with SEBI regulations. The company has made the necessary intimation to the BSE, and the details of this reclassification will be available on the company's website ( www.integaindia.com ) for public reference.
Conclusion
This reclassification marks a significant corporate action for Pushpsons Industries. While the immediate impact on day-to-day operations may be limited, it could potentially influence the company's governance structure and decision-making processes in the long term. Shareholders and potential investors should take note of this change when evaluating their investment decisions related to Pushpsons Industries.
As always, it's advisable for investors to conduct thorough research and consider seeking professional financial advice before making any investment decisions based on corporate actions such as this reclassification.
Historical Stock Returns for Pushpsons Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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