DLF gets promoter group request to reclassify Madhukar as public

DLF has received a request letter dated 7th October 2026 from Madhukar Housing and Development Company, a promoter group entity, to be reclassified as 'Public'.

Wed 7 Oct 2026

Reclassification Request Date

7th October 2026

Shares Held by Entity Seeking Reclassification

nil equity shares/voting rights

Promoter and Promoter Group Holding

1,83,36,36,385 equity shares, or 74.08%

What the company told the exchanges

DLF has received a request letter dated 7th October 2026 from Madhukar Housing and Development Company, described as an entity belonging to the 'Promoter and Promoter Group'. The request asks for Madhukar's reclassification under the 'Public' category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Who is asking to move, and what it holds

• Madhukar Housing and Development Company holds nil equity shares / voting rights in the company.
• It is the entity seeking reclassification from the promoter group side to the public category.
• The intimation was received from Madhukar on 7th October 2026 at 16.43 hrs. (IST).

What happens next

The Board of Directors will consider the request, in compliance with the requirements of Regulation 31A of the SEBI Listing Regulations. This is a request received and put up for the Board's consideration.

What the company says about shareholding impact

The update states that the proposed reclassification, if approved, will not have any impact on the shareholding structure of the company, including public shareholding. The total shareholding of the 'Promoter and Promoter Group' would remain the same at 1,83,36,36,385 equity shares, representing 74.08% of the total paid-up share capital of the company.

How a retail investor can read this

• A promoter group entity that holds no shares is seeking to be reclassified as public. Because it holds no equity shares or voting rights, its exit from the promoter group label does not change the number of shares held by the promoter group.
• The promoter group's stated total holding stays at 1,83,36,36,385 equity shares, or 74.08% of paid-up capital, according to the update.
• The request is subject to consideration by the Board, so what the update describes is a proposed reclassification and not a completed one.
• The company has not stated any change to its capital structure, business, or operations arising from this request.

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