NSE no-objection for reclassification of B.C. Power Controls Ltd from Promoter Group to Public category

Bonlon Industries has received a no-objection letter from NSE dated October 01, 2026, approving the reclassification of B.C. Power Controls Limited from the Promoter Group to the Public category.

Thu 1 Oct 2026

NSE No-Objection Letter Date

October 01, 2026

Application Date

July 04, 2026

Reclassified Entity

B.C. Power Controls Limited, from Promoter Group to Public category

Shares Held by Entity

0 shares

Shareholding Percentage

0%

What was announced

• Bonlon Industries has received approval from the National Stock Exchange of India Limited for the reclassification of B.C. Power Controls Limited from the Promoter Group category to the Public category.
• The exchange's no-objection letter is dated October 01, 2026, and the company's application to the exchange was dated July 04, 2026.
• The reclassification is under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What reclassification means

• Companies have two broad sets of shareholders: promoters and promoter group on one side, and public shareholders on the other.
• Reclassification means an entity moves out of the promoter group and is thereafter counted as a public shareholder.
• This changes how the entity is categorised in the shareholding pattern, and the entity is no longer treated as part of the promoter group.

What the numbers say

• As per the update, B.C. Power Controls Limited held 0 shares and its shareholding was 0.
• Because it held no shares, this reclassification does not move any shares from the promoter group to the public category as far as this entity is concerned.

What to note

• The approval has been received from the exchange. The update states that the company is required to ensure compliance with subsequent relevant disclosures of material events related to this reclassification.
• The disclosure relates to a change in the categorisation of one promoter group entity. It is not a sale, purchase or transfer of shares.

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