 "Sannareddy’s share holdings in Megasoft reclassified under public category")
Megasoft company have received approval for reclassification of holdings of Ravindra Sannareddy and his family from 'Promoter & Promoter Group Category’ to Public Category in the company.
Sannareddy promoted Megasoft in 1999 and has been instrumental in the growth of the company, and to opt out of promoter category.
The Board of Directors of Megasoft, through a letter dated October 21, 2020, informed the NSE and BSE for reclassification of holdings of Sannareddy and his family from 'Promoter & Promoter Group Category’ to Public Category in the company, under the provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure
