Edvenswa Enterprises Limited, a company listed on the Bombay Stock Exchange (BSE: 517170), has initiated the process to reclassify Mr. Y. Ramesh Reddy's shareholding from the 'Promoter' category to the 'Public' category. This move, involving 18,96,000 shares representing 6.49% of the company's holdings, marks a significant change in the company's ownership structure.

Reclassification Timeline

The reclassification process has unfolded through a series of events:

1. Initial Request: On September 16, Edvenswa Enterprises received the initial reclassification request from Mr. Y. Ramesh Reddy.

2. Board Meeting: The company's board convened on September 25 to consider the reclassification request.

3. Application Submission: On September 30, Edvenswa Enterprises formally submitted the reclassification application to the BSE.

Details of the Reclassification

According to the company's filing with the BSE, the reclassification application pertains to:

Regulatory Compliance

The reclassification request is being processed under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation governs the reclassification of promoters as public shareholders in listed companies.

Company Background

Edvenswa Enterprises Limited, with its registered office in Hyderabad, operates under the CIN: L62099TS1980PLC176617. The company's shares are traded on the BSE under the security code 517170.

Annual General Meeting

Coincidentally, on the same day as the reclassification application (September 30), Edvenswa Enterprises conducted its 44th Annual General Meeting (AGM) through video conferencing. The AGM, which commenced at 10:00 AM and concluded at 10:28 AM, addressed various company matters, including the adoption of financial statements and the reappointment of directors.

The reclassification of Mr. Y. Ramesh Reddy's stake represents a notable shift in Edvenswa Enterprises' shareholding pattern. Investors and market observers will likely be watching closely for any potential impacts on the company's governance and strategic direction following this change.

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.