Disclosure of material issue

Prakash Industries (PRAKASH) has received approvals from NSE and BSE to reclassify Aircon Systems (India) Private Limited from its 'Promoter Group' to the 'Public Group'. **The Issue & Impact for Investors:** * **Promoter Status Update:** An entity previously part of the promoter group, Aircon Systems, is now officially categorized as a public shareholder.

Notably, Aircon Systems held zero shares in Prakash Industries, so this reclassification is a change in status rather than a direct alteration of the company's overall promoter (44.38%) or public (55.62%) shareholding percentages. * **Regulatory Flag:** BSE issued a warning letter to Prakash Industries concerning this reclassification matter.

This indicates a past instance of non-compliance, suggesting potential procedural or disclosure issues. **Company Response:** * Prakash Industries acknowledges the warning letter and has committed to ensuring strict future compliance with all SEBI regulations.

This aims to address regulatory concerns and reinforce adherence to guidelines.