Kabsons Industries Limited has announced a board meeting to discuss the financial results for the quarter and half-year.

The company received approval from BSE for reclassification of certain promoters to the public category, reducing promoter holding from 67.99% to 63.12% and increasing public holding to 36.88%. This change involves reclassifying 8.5 lakh shares (4.87%) held by outgoing promoters, including Satish Kabra and related entities.

This reclassification broadens the public shareholding base, potentially enhancing liquidity and investor participation.