Omnitex Industries (India) Limited promoter Ashok Metharam Bhawnani has disclosed a minor adjustment in his shareholding through open market transactions. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals a small reduction in the promoter's stake in the textile company.

Transaction Details

The shareholding adjustment involved the sale of 500 equity shares through open market transactions on December 10, 2025. The following table summarizes the key transaction parameters:

Shareholding Pattern Changes

The transaction resulted in a marginal change in Bhawnani's shareholding in Omnitex Industries. The comparative shareholding pattern before and after the transaction shows:

Company Capital Structure

Omnitex Industries maintains a stable capital structure with no changes resulting from this promoter transaction. The company's equity share capital remains unchanged at 4,204,100 equity shares of ₹10.00 each both before and after the transaction. The total diluted share capital also remains at the same level, indicating no impact from convertible securities or warrants.

Regulatory Compliance

The disclosure demonstrates adherence to SEBI regulations governing substantial acquisition and disposal of shares. As a promoter group member, Bhawnani is required to disclose any changes in shareholding, regardless of the transaction size. The filing was completed on December 11, 2025, one day after the transaction date, ensuring timely regulatory compliance.

This minor adjustment in promoter shareholding reflects routine portfolio management activities and maintains the promoter group's significant stake in the textile company. The transaction was executed on BSE Limited, where Omnitex Industries shares are listed for trading.

Omnitex Industries India , a company listed on the Bombay Stock Exchange (BSE: 514324), has received a significant request from one of its major shareholders. Ashok Metharam Bhawnani, currently classified under the 'Promoter and Promoter Group' category, has formally requested to be reclassified as a 'Public' shareholder.

Reclassification Request Details

Bhawnani's request, received by the company on November 12, 2025, seeks to change his shareholding status from the 'Promoter/Promoter Group' category to the 'Public' category. This move could potentially alter the ownership structure of Omnitex Industries India. Here are the key details of Bhawnani's current shareholding:

Reasons for Reclassification

In his request, Bhawnani has provided several reasons for seeking reclassification:

1. Non-participation in company management
2. Absence of a nominee director on the board
3. No role as a key managerial personnel
4. Lack of special rights through formal or informal arrangements

Bhawnani has also confirmed that he does not hold more than ten percent of the total voting rights and does not exercise control over the company's affairs.

Regulatory Process

The reclassification request is subject to a multi-step approval process as per the Securities and Exchange Board of India (SEBI) regulations:

1. Approval from the Board of Directors of Omnitex Industries India
2. Shareholder approval
3. Final approval from BSE Limited

Implications and Next Steps

This reclassification, if approved, could significantly impact the company's shareholding pattern and potentially its governance structure. Investors and market watchers will likely keep a close eye on the approval process and its outcome.

Omnitex Industries India has stated that it will proceed with the necessary steps to seek approvals from its Board of Directors, shareholders, and the BSE Limited, as required by Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As the situation develops, stakeholders are advised to monitor further announcements from the company regarding the progress of this reclassification request.