Application shared with BSE and NSE for reclassification of Mr. S K Sridhar from Promoter to Public category
BGR Energy Systems has applied to BSE and NSE seeking their "No Objection" for reclassifying Mr. S K Sridhar from the Promoter category to the Public category.
By ScoutQuest · · 1 min read
- Application submitted on
- 30th October 2026
- Earlier intimation dated
- 26th October 2026
- Applicable regulation
- Regulation 31A of the Listing Regulations
What has been shared
The company has informed BSE Limited and National Stock Exchange of India Limited that it has submitted an application seeking their "No Objection" for reclassifying Mr. S K Sridhar from the Promoter category to the Public category. The application was submitted to both exchanges on 30th October 2026, in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and its amendments.
This is a follow-up to the company's earlier submission dated 26th October 2026 on the same reclassification. The company has requested the exchanges to take the information on record.
What reclassification means
- A person or entity placed in the "Promoter" category is treated as part of the group that controls or founded the company, and their shareholding is reported separately.
- Moving to the "Public" category means that person's holding would be counted as public shareholding instead.
- Under Regulation 31A of the Listing Regulations, such a change needs the stock exchanges' approval, which is why the company has applied for a "No Objection" from both BSE and NSE.
- The application is a request; the reclassification itself takes effect only after the exchanges give their approval.
What happens next
The decision of BSE and NSE on the application is awaited. Until then, the request remains a proposal placed before the exchanges.
What to take away
This is a procedural update about a request made to the exchanges for a change in how one individual's shareholding is categorised. The company has not stated any change in the number of shares held by Mr. S K Sridhar as part of this intimation.
Also from BGR Energy Systems
Board approves application to exchanges for re-classifying promoter S K Sridhar as public shareholder
26 Oct 2026
Board approves increase in authorised share capital to ₹400 crore, subject to shareholder approval
26 Oct 2026
Board approves Whole-Time Director and President-Finance; authorised share capital to double
26 Oct 2026
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