Pipan Oils Ltd. has applied to the Stock Exchange to reclassify Raconteur Granite Limited from the 'Promoter and Promoter Group' to the 'Public' shareholder category.

Raconteur Granite Limited holds 500,000 equity shares, representing a 2.85% stake.

This move aims to alter the ownership composition, potentially increasing the company's public shareholding.

For retail investors, such reclassifications can improve liquidity and align the company's ownership profile more closely with broader market standards.