IMEC Services Limited has applied to the stock exchange for approval to reclassify certain promoter group shareholders, holding a combined 1.44% stake, as public shareholders.

This move reduces the promoter holding and increases the public float, potentially enhancing share liquidity and broadening the investor base.

The reclassification involves four entities, including APL International Private Limited and Nutrela Marketing Private Limited.

This change could impact shareholding patterns and reflects evolving promoter involvement in the company.