EPEPL500135Reclassification update

Board approves Epsilon Bidco's reclassification from promoter to public category

EPL Ltd's Board met on October 21, 2026 and approved a request from Epsilon Bidco Pte.

By ScoutQuest · Wed 21 Oct 2026, 5:34 PM IST · 2 min read

Shares held by Applicant

0 shares, i.e. 0% of the Company

Board meeting date

October 21, 2026

Regulatory route

Regulation 31A

What was announced

• The Board of Directors of EPL Ltd met on October 21, 2026 and, among other items, reviewed and approved the request of Epsilon Bidco Pte. Ltd. to be re-classified from the 'promoter' category to the 'public' category.
• The request letter from Epsilon Bidco Pte. Ltd. is dated October 16, 2026, and the Company had intimated the same to BSE Limited and the National Stock Exchange of India Limited on that date.
• The approval has been given under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is subject to receipt of a no objection letter from the Stock Exchanges.

How much does the Applicant hold

• Number of shares held by Epsilon Bidco Pte. Ltd.: 0
• Shareholding: 0%
• Category as on date: Promoter
• The disclosure sets out these figures against the name of the Applicant, so the reclassification request itself does not involve any shares moving between categories.

What reclassification means

• Stock exchanges tag large or controlling shareholders either as 'promoter' or as 'public'. The promoter tag carries its own set of disclosure and compliance obligations, and promoter holdings are tracked separately by investors.
• Regulation 31A of the SEBI LODR Regulations provides the route through which a promoter can seek to be re-classified into the public category.
• The Board noted that the Applicant (a) satisfies all the relevant conditions specified in Regulation 31A(3)(b), and (b) has confirmed that it will comply with the conditions laid down under Regulation 31A(4).

What happens next

• The Board has considered and approved the request. The reclassification is subject to receipt of a no objection letter from the Stock Exchanges, so the exchange response is the next step in the process.

Why a retail investor may want to note it

• The promoter/public split of a company's shareholding is one of the basic data points shown on exchange pages and in shareholding pattern updates, and this announcement concerns a change in that classification.
• Since the Applicant holds 0 shares, i.e. 0% of the Company, the announcement does not change the number of shares held by any shareholder; it is a change in the category under which the Applicant is recorded.

The information is stated to be available on the Company's website.

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