Ambassador Intra Holdings Limited has received formal requests from four of its promoters seeking reclassification from the promoter category to public category under SEBI regulations. The requests, dated January 28, 2026, were submitted under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Promoter Reclassification Details

The four promoters requesting reclassification have submitted individual applications to the company's Board of Directors. Each promoter has confirmed they are not directly or indirectly associated with the company's business operations and do not influence business or policy decisions.

Regulatory Compliance and Certifications

All four promoters have provided comprehensive certifications as part of their reclassification requests. The key confirmations include:

• They do not hold more than 10% of total voting rights in the company
• They exercise no control over company affairs, directly or indirectly
• They have no special rights through formal or informal arrangements
• They are not represented on the Board of Directors
• They are not acting as key managerial personnel
• They are not wilful defaulters or fugitive economic offenders
• No pending regulatory actions exist against them

Company Response and Next Steps

The company has formally acknowledged receipt of all four reclassification requests through Company Secretary & Compliance Officer Amrita Lalwani. The reclassification process is subject to approval from both the Board of Directors and BSE Limited.

Ambassador Intra Holdings will follow the necessary regulatory processes and make requisite applications with stock exchanges in accordance with Regulation 31A of the SEBI Listing Regulations. The company has committed to maintaining proper records of this corporate action.

Impact on Shareholding Structure

The collective shareholding of the four promoters seeking reclassification represents 14,000 shares, accounting for 0.66% of the company's total shareholding. Upon successful reclassification, these shares would move from the promoter category to the public category, potentially altering the company's shareholding pattern as disclosed in regulatory filings.

Ambassador Intra Holdings Limited, a significant shareholder of IEL Limited, has reduced its stake in the company through a substantial share sale on September 19, 2025. The transaction, which took place on the Bombay Stock Exchange (BSE), involved the sale of 3,50,000 equity shares of IEL Limited.

Transaction Details

Ambassador Intra Holdings Limited, which is not part of the promoter or promoter group of IEL Limited, executed the sale through open market transactions. This move has resulted in a notable change in the company's shareholding pattern:

The sale represents a reduction of 0.26% in Ambassador Intra Holdings' ownership of IEL Limited.

Impact on IEL Limited's Share Capital

IEL Limited's total equity share capital remains unchanged at Rs. 13,93,92,486, consisting of 13,93,92,486 equity shares with a face value of Re. 1 each. The transaction does not affect the company's overall share structure but alters the distribution of ownership among its shareholders.

Market Implications

While the sale represents a significant number of shares, the overall impact on IEL Limited's ownership structure is relatively modest. The transaction may be of interest to market analysts and investors monitoring changes in institutional holdings and potential shifts in company control or strategy.

As the market digests this information, stakeholders will be keen to observe any potential effects on IEL Limited's stock price and trading volumes in the coming days. However, as Ambassador Intra Holdings is not part of the promoter group, the sale is less likely to signal any fundamental changes in IEL Limited's operations or governance.