Thirani Projects Limited has received formal approval from the Bombay Stock Exchange (BSE) for the reclassification of APANAPAN DISTRIBUTORS LLP from the promoter group category to the public shareholder category. The approval was granted on December 18, 2025, following the company's initial application submitted in October.

BSE Approval Details

The BSE granted its no-objection for the reclassification request through its official communication dated December 18, 2025. The approval was issued under reference number LIST/COMP/KR/614/2025-26, confirming the exchange's consent for the promoter reclassification.

Regulatory Framework and Compliance

The reclassification has been processed in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The original application was submitted on October 15, 2025, demonstrating the company's commitment to regulatory compliance and transparent corporate governance.

Corporate Action Timeline

The reclassification process began with Thirani Projects' formal application to BSE in October 2025. After a thorough review process spanning approximately two months, the exchange has now granted its approval, allowing the company to proceed with the promoter group restructuring.

Implications for Shareholding Structure

With BSE's approval, APANAPAN DISTRIBUTORS LLP will now be classified as a public shareholder rather than part of the promoter group. This change affects the company's ownership structure and may have implications for corporate governance and investor relations. The entity currently holds no shares in Thirani Projects Limited.

Next Steps and Compliance Requirements

Following the BSE approval, Thirani Projects is required to ensure compliance with subsequent relevant disclosures of material events related to this reclassification. The company must adhere to the applicable provisions of Regulation 31A of SEBI LODR Regulations for all future reporting and disclosure requirements.

Thirani Projects Limited has announced a significant change in its shareholder structure following a board meeting held on October 11, 2025. The company's Board of Directors has approved the reclassification of M/s. Apanapan Distributors LLP from Promoter Shareholder to Public Shareholder status.

Key Details of the Reclassification

• Request Date: October 8, 2025
• Board Approval Date: October 11, 2025
• Regulatory Framework: Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Conditions and Commitments

The board's decision comes with several conditions and commitments from Apanapan Distributors LLP:

Company Compliance and Assurances

Thirani Projects Limited has confirmed its compliance with regulatory requirements:

• The company will maintain the minimum public shareholding as required under Regulation 38 of SEBI LODR Regulations.
• There are no outstanding dues to SEBI, stock exchanges, or depositories.
• Trading in the company's shares has not been suspended by stock exchanges.

Next Steps

The reclassification is subject to requisite approvals from stock exchanges. The company has authorized its directors, Chief Financial Officer, and Company Secretary to take necessary actions, including making applications and submitting required documents to regulatory authorities.

This corporate action reflects Thirani Projects Limited's commitment to transparent governance and adherence to regulatory standards. Shareholders and potential investors should note that this reclassification may impact the company's shareholding pattern but does not affect its business operations or management structure.

Investors are advised to consider this information in their investment decisions and to monitor further announcements from the company regarding the final approval of this reclassification by the stock exchanges.