Kaycee Industries has informed that in continuation of letter dated November 18, 2019 and its promoters letter dated December 24, 2019 conveying the intention to dilute shareholding by sale in the Open Market to the extent of 2% shareholding in Company during the period between November 18, 2019 and February 28, 2020 for the purpose of achieving Minimum Public Shareholding, the promoter has diluted 2% shareholding in the Company during the period between November 18, 2019 and February 28, 2020 and achieved minimum public shareholding and hence, shareholding of the Promoter in the Company reduced to 74.91% from earlier level of 76.92%, and thereby clearly enabled the Company to achieve minimum public shareholding of 25.09%, and met the compliance under Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957.
The above information is a part of company’s filings submitted to BSE.
