Pradhin Limited: Two Promoter Group Members Seek Reclassification to Public Category

Pradhin Limited , a company listed on the BSE, has received requests from two of its promoter group members for reclassification from the 'Promoter Group' category to the 'Public' category. This move comes as part of the company's efforts to align its shareholding structure with the current involvement of these individuals in the company's affairs.

Reclassification Requests

The two individuals seeking reclassification are:

Nandkishore Sonthalia
Nitin Vitthalrao Thorave

Both Mr. Sonthalia and Mr. Thorave have submitted formal requests to the company's Board of Directors, citing their desire to be reclassified under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Current Shareholding and Involvement

According to the information provided:

Both individuals currently hold zero shares in Pradhin Limited.
They have stated that they are not associated with the company's business operations.
Neither exercises control over the company's affairs or has any special rights.
They are not involved in the day-to-day activities of the company.

Compliance with SEBI Regulations

In their applications, both Mr. Sonthalia and Mr. Thorave have confirmed that they meet the required conditions for reclassification as per SEBI regulations, including:

Holding less than 10% of the total voting rights in the company
Not having any representation on the Board of Directors
Not acting as key managerial persons
Having no pending regulatory actions against them

Next Steps

The reclassification requests are subject to approval from:

Pradhin Limited's Board of Directors
BSE India Limited

Board Meeting Scheduled

In response to these requests, Pradhin Limited has scheduled a Board of Directors meeting for August 4, 2025, at the company's registered office. The primary agenda for this meeting is to consider and approve the reclassification requests submitted by Mr. Sonthalia and Mr. Thorave.

Implications

If approved, this reclassification would alter the company's promoter group structure, potentially affecting how the company is perceived by investors and regulators. It reflects the ongoing changes in the involvement and control of these individuals in Pradhin Limited's operations.

Investors and stakeholders of Pradhin Limited should monitor the outcomes of the upcoming board meeting and any subsequent announcements regarding the approval or rejection of these reclassification requests.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	-3.23%	-33.33%	-70.59%	-65.91%

Pradhin Limited , a company listed on the Bombay Stock Exchange (BSE), has successfully obtained approval for a significant change in its shareholding structure. The BSE has granted permission to reclassify four individuals from the 'Promoter and Promoter Group' category to the 'Public' category, marking a shift in the company's ownership classification.

Reclassification Details

The reclassification involves the following individuals:

Name	Shares Held	Shareholding %
Saroj Jayprakash Jalan	43,70,250	0.43%
Sachin Jayprakash Jalan	45,34,200	0.45%
Bobby Sonthalia	0	0.00%
Govind Prasad	0	0.00%
Total	89,04,450	0.88%

This move affects a total of 89,04,450 shares, representing 0.88% of the company's total shareholding.

Regulatory Compliance

The reclassification was carried out in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework governs the process of reclassifying promoters to public shareholders, ensuring transparency and fairness in the stock market.

Impact on Shareholding Structure

With this reclassification, the shareholding structure of Pradhin Limited undergoes a notable change. The reclassified shares, previously under the promoter category, will now be considered part of the public shareholding. This move could potentially impact the company's public float and ownership dynamics.

Management Statement

Jay Rajeshbhai Patel, Director of Pradhin Limited, confirmed the receipt of the approval letter from the Bombay Stock Exchange. The company has duly informed its stakeholders and the market about this development, in line with its obligations under SEBI regulations.

About Pradhin Limited

Pradhin Limited, with its corporate office located in Ahmedabad, Gujarat, and registered office in Chennai, Tamil Nadu, operates under the CIN: L15100TN1982PLC009418. The company's shares trade on the BSE.