Bohra Industries Limited has announced the reclassification of Krishna Agarwal from the Promoter category to the Public category. This reclassification is in accordance with Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the completion of an Open Offer by Mark AB Capital Private Limited. Krishna Agarwal held 10,98,239 shares, representing 4.73% of the company's fully diluted total voting share capital, before the open offer. Post reclassification, Krishna Agarwal will be categorized under the 'Public' category. The proposed promoter for reclassification, as per Regulation 31A(3)(b), confirms that they do not hold more than ten percent of the total voting rights, do not exercise direct or indirect control over the company, have no special rights through arrangements, will not be represented on the Board or act as Key Managerial Personnel for three years, are not a 'wilful defaulter,' and are not a fugitive economic offender. Bohra Industries Limited also confirmed compliance with Minimum Public Shareholding requirements, no trading suspension, and no outstanding dues to SEBI, Stock Exchange, or Depositories. The reclassification is effective immediately following the completion of the open offer by the Acquirer.
