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Ravindra Sannareddy’s share holdings in Megasoft reclassified under public category February 22, 2021 × Based on submissions made by the Megasoft company, both NSE and BSE have accorded approval dated February 18, 2021, for reclassification of holdings of Ravindra Sannareddy and his family from ‘Promoter & Promoter Group Category’ to Public Category in the Company. Considering the request of Ravindra Sannareddy, who promoted Megasoft in June 1999 and has been instrumental in the growth of the company, to opt out of Promoter category, the Board , through a letter dated October 21, 2020 informed the bourses for reclassification of holdings of Ravindra Sannareddy and his family from ‘Promoter & Promoter Group Category’ to Public Category in the Company, under the provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ....
Megasoft company have received approval for reclassification of holdings of Ravindra Sannareddy and his family from Promoter & Promoter Group Category’ to Public Category in the company. Sannareddy promoted Megasoft in 1999 and has been instrumental in the growth of the company, and to opt out of promoter category. The Board of Directors of Megasoft, through a letter dated October 21, 2020, informed the NSE and BSE for reclassification of holdings of Sannareddy and his family from Promoter & Promoter Group Category’ to Public Category in the company, under the provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sannareddy said that he has been keeping out of the company’s business activities for a long time, after the merger of Xius with Megasoft. ....
At meeting held on 11 February 2021The Board of Artemis Electricals at its meeting held on 11 February 2021 has approved the allotment of 4,00,000 equity shares of face value Rs. 10 each, for cash, at a price of Rs. 80 per equity share (including a premium of Rs. 70 per equity share), aggregating to Rs 3.20 crore by way of a preferential allotment to the Deepa Travel, Promoter Group Category. Consequently, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs. 25,10,36,900 (divided into 2/51,03,690 equity shares of face value Rs.10 each) from Rs. 24,70,36,900 (divided into 2,47,03,690 equity shares of face value Rs.10 each). Powered by Capital Market - Live News ....