Edvenswa Enterprises Board Approves Promoter Y. Ramesh Reddy's Reclassification Request

1 min read     Updated on 25 Sept 2025, 06:39 PM
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Overview

Edvenswa Enterprises' Board of Directors has approved a request from promoter Y. Ramesh Reddy to reclassify his 6.49% shareholding (18,96,000 shares) from 'Promoter' to 'Public' category. The decision was made during a board meeting on September 25, 2025, following a request received on September 15, 2025. The reclassification is being carried out under SEBI Regulation 31A and is subject to necessary approvals.

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

Edvenswa Enterprises has announced a significant change in its shareholding structure following a board meeting held on September 25, 2025. The company's Board of Directors has approved a request from promoter Y. Ramesh Reddy to reclassify his shareholding from the 'Promoter' category to the 'Public' category.

Key Details of the Reclassification

  • Request Date: The reclassification request was received by the company on September 15, 2025.
  • Board Approval: The board meeting to consider and approve the request was held on September 25, 2025.
  • Shareholding Details: Y. Ramesh Reddy currently holds 18,96,000 shares, representing 6.49% of the company's total shareholding.
  • Regulatory Compliance: The reclassification is being carried out under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Specifics

  • Date and Time: The board meeting took place on September 25, 2025, from 4:30 p.m. to 6:00 p.m.
  • Agenda: The primary agenda was to review and approve the reclassification request from the promoter.

Implications and Next Steps

This reclassification, once approved by the relevant authorities, will result in Y. Ramesh Reddy's shareholding being moved from the 'Promoter' category to the 'Public' category. This change could potentially impact the company's promoter holding structure and public float.

Edvenswa Enterprises, with its registered office in Hyderabad, operates under CIN: L62099TS1980PLC176617.

Investors and stakeholders should note that this reclassification is subject to necessary approvals and compliance with SEBI regulations. The company has duly informed the BSE Limited about this development as part of its regulatory obligations.

As the reclassification process moves forward, market participants will likely keep a close eye on any potential changes in the company's ownership structure and its implications for corporate governance and decision-making processes.

Historical Stock Returns for Edvenswa Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
-0.68%-5.83%-7.39%-8.44%-43.17%+415.36%
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Edvenswa Enterprises to Consider Promoter Shareholding Reclassification in Upcoming Board Meeting

1 min read     Updated on 22 Sept 2025, 10:06 PM
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Naman SharmaScanX News Team
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Overview

Edvenswa Enterprises Limited has announced a Board of Directors meeting on September 25, 2025, to consider reclassifying promoter Mr. Y. Ramesh Reddy's shareholding from 'Promoter' to 'Public' category. The request for reclassification was received on September 15, 2025, and will be carried out in accordance with SEBI regulations. The meeting will be held at the company's registered office in Hyderabad.

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

Edvenswa Enterprises Limited has announced a crucial Board of Directors meeting scheduled for September 25, 2025, to deliberate on a significant change in its shareholding structure. The primary agenda of the meeting is to consider the reclassification of promoter Mr. Y. Ramesh Reddy's shareholding from the 'Promoter' category to the 'Public' category.

Key Points of the Announcement

  • Meeting Date: September 25, 2025
  • Venue: Registered Office, Hyderabad
  • Main Agenda: Consideration of promoter shareholding reclassification
  • Promoter Involved: Mr. Y. Ramesh Reddy
  • Reclassification: From 'Promoter' to 'Public' category

Background and Details

The company received a request from Mr. Y. Ramesh Reddy on September 15, 2025, seeking reclassification of his shareholding. This reclassification, if approved, will be carried out in accordance with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

Edvenswa Enterprises has emphasized that the proposed reclassification will adhere to the regulatory framework set by SEBI. The company's intimation to the Bombay Stock Exchange (BSE) highlights its commitment to transparency and compliance with listing regulations.

Additional Meeting Agenda

While the promoter shareholding reclassification is the primary focus, the board meeting will also address any other matters that may arise, subject to the Chair's permission.

Company Information

Edvenswa Enterprises Limited, with its registered office in Hyderabad, operates under the CIN: L62099TS1980PLC176617.

Investors and stakeholders are advised to keep an eye on further announcements from the company regarding the outcome of this significant board meeting. The decision on the promoter's shareholding reclassification could potentially impact the company's ownership structure and may be of interest to the market participants.

Note: This article is based on the company's official intimation to the BSE dated September 22, 2025, regarding the upcoming board meeting.

Historical Stock Returns for Edvenswa Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
-0.68%-5.83%-7.39%-8.44%-43.17%+415.36%
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