Pradhin has taken a significant step in restructuring its shareholder categories by applying for the reclassification of two individuals from the Promoter Group to the Public category. The company, which operates in the business hub of Ahmedabad, Gujarat, submitted the application to BSE Limited on August 6, 2025.

Reclassification Details

The reclassification request involves two key individuals:

1. Mr. Nandkishore Sonthalia
2. Mr. Nitin Vitthalrao Thorave

Both individuals currently hold zero shares in the company, according to the information provided in the official intimation to BSE.

Implications of Reclassification

If approved, this reclassification would change the status of Mr. Sonthalia and Mr. Thorave from Members of the Promoter Group to Public shareholders. This move could potentially impact the company's shareholding structure and governance dynamics.

Official Communication

In an official letter dated September 19, 2025, Pradhin's Director, Jay Rajeshbhai Patel, informed BSE Limited about the submission of the reclassification application. The company's communication emphasized that the application was made in accordance with the relevant regulations governing such reclassifications.

Company Background

Pradhin, with its corporate office located at 611 Fortune Business Hub, Science-City Road, Sola, Ahmedabad, is listed on the BSE. The company's registered office is situated at 61, Sembudoss Street, Chennai, Tamil Nadu.

This reclassification move by Pradhin underscores the dynamic nature of corporate structures and the ongoing adjustments companies make to align their shareholder categories with current realities. Investors and market watchers will be keenly observing the outcome of this application and its potential impact on the company's ownership structure.

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:

1. Nandkishore Sonthalia
2. 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:

1. Pradhin Limited's Board of Directors
2. 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.