Amarnath Securities Gets BSE Approval for Dr. Omkar Herlekar's Reclassification from Promoter to Public Category

1 min read Updated on 22 Sept 2025, 06:04 PM

Reviewed by

Jubin VScanX News Team

Overview

Amarnath Securities Limited has obtained approval from the Bombay Stock Exchange (BSE) to reclassify Dr. Omkar Herlekar from the 'Promoter' category to the 'Public' category. The reclassification, approved under SEBI Regulation 31A, was applied for on February 27, 2025, and approved on September 22, 2025. This change may impact the company's shareholding pattern and market perception.

*this image is generated using AI for illustrative purposes only.

Amarnath Securities Limited (ISIN: INE745P01010) has received approval from the Bombay Stock Exchange (BSE) for the reclassification of Dr. Omkar Herlekar from the 'Promoter' category to the 'Public' category. This reclassification comes under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Application and Approval Timeline

The company had initially submitted the application for reclassification on February 27, 2025. After due consideration, BSE approved the case through a letter dated September 22, 2025. This approval marks a significant change in the company's shareholding structure.

Official Communication

The approval was officially communicated to BSE's Listing Compliance Monitoring Cell by Mitti Mitesh Jain, the Company Secretary & Compliance Officer of Amarnath Securities Limited. The disclosure was made in compliance with regulatory requirements, ensuring transparency in the reclassification process.

Implications of Reclassification

This reclassification of Dr. Omkar Herlekar from the 'Promoter' category to the 'Public' category could have several implications for the company and its shareholders:

Change in Shareholding Pattern: The move will alter the company's promoter shareholding, potentially affecting the overall shareholding structure.
Regulatory Compliance: The reclassification adheres to SEBI's regulations, demonstrating the company's commitment to regulatory compliance.
Market Perception: Such changes can influence how the market perceives the company's ownership and control structure.

Investors and market watchers will likely keep a close eye on any further developments or changes in the company's shareholding pattern following this reclassification.

Amarnath Securities Limited, with its registered office in Ahmedabad and corporate office in Mumbai, continues to navigate the regulatory landscape while keeping its shareholders informed of significant changes in its structure.

Historical Stock Returns for Amarnath Securities