Hawa Engineers Ltd has announced the approval of reclassification of certain promoter shareholders to public shareholders.

Post-reclassification, promoter holding reduced from 63.81% to 56.45%, while public holding increased from 36.19% to 43.55%. This change involves 259,517 shares (7.36%) moving out of promoter category.

The reclassification may improve share liquidity and broaden the public shareholder base, potentially impacting governance and market perception positively.