Company Update

Shree Securities Limited has announced the passing of Mr. Manik Chand Pugalia, a member of the promoter group, who held 3,525,000 shares (0.44% of total shareholding). Following his death, Mr. Pugalia will no longer be part of the promoter group, and the transmission of his shares to nominees will commence, although they will remain in his name until completed.

This change may influence investor sentiment as it could raise questions about succession planning within the promoter group, presenting a potential risk or a period of uncertainty for stakeholders.