Swojas Foods Limited Receives Request for Promoter Reclassification Under SEBI Regulation 31A
Swojas Foods Limited received a reclassification request from Mrs. Jyoti Khandelwal to move from "Promoter and Promoter Group" to "Public" category under SEBI Regulation 31A. She currently holds NIL shareholding and submitted the request on 24th January, 2026. The company will consider the request through its Board of Directors, subject to stock exchange approval as per regulatory requirements.

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Swojas Foods Limited has received a formal request for promoter reclassification under SEBI regulations. Mrs. Jyoti Khandelwal, currently classified under the "Promoter and Promoter Group" category, has requested reclassification to the "Public" category as per Regulation 31A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Request Details and Current Status
The company received the reclassification request on 24th January, 2026 via email from Mrs. Jyoti Khandelwal. According to the company's disclosure to BSE, she currently holds NIL shareholding in Swojas Foods Limited.
| Parameter: | Details |
|---|---|
| Requester: | Mrs. Jyoti Khandelwal |
| Current Category: | Promoter and Promoter Group |
| Requested Category: | Public |
| Current Shareholding: | NIL |
| Request Date: | 24th January, 2026 |
| PAN: | ATBPG0185A |
Regulatory Compliance and Undertakings
Mrs. Khandelwal has provided comprehensive undertakings as required under SEBI regulations. Her application confirms that she meets the key criteria for reclassification:
- Not part of the Board of Directors and holds no Key Managerial Position
- Does not participate in company management in any capacity
- Has no special rights in the company through formal or informal arrangements
- Does not exercise control over company affairs
- Is not represented on the board of directors
Regulatory Framework and Process
The reclassification request falls under Regulation 31A of SEBI (LODR) Regulations, 2015, which governs the process for promoter reclassification. Mrs. Khandelwal has committed to comply with specific conditions:
- Continued compliance with sub-clauses (i), (ii) and (iii) of clause (b) of Regulation 31A(3) at all times
- Compliance with sub-clauses (iv) and (v) of clause (b) of Regulation 31A(3) for not less than three years from reclassification date
- Acknowledgment that failure to comply will result in reclassification back to promoter group
Board Consideration and Next Steps
Swojas Foods Limited has informed that the reclassification request will be considered by the Board of Directors. The approval process is subject to stock exchange requirements under Regulation 31A of SEBI (LODR) Regulations, 2015. The company has treated this as a material event disclosure and informed BSE accordingly.
The company will take necessary steps for processing the reclassification in accordance with SEBI (LODR) Regulations, 2015, including obtaining required approvals from stock exchanges where necessary.
Historical Stock Returns for Swojas Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.42% | +17.51% | +11.74% | +7.91% | -11.59% | +120.07% |


































