Application shared with BSE for Reclassification of a Promoter into Public Category
The company has informed BSE that on 23/09/2026 it applied for a No-Objection for reclassifying Mr. Tushar Shah from the Promoter category to the Public category under Regulation 31A of SEBI LODR.
- Reclassification Application Date
- 23/09/2026
- Individual Name
- Mr. Tushar Shah
- Current Category
- Promoter
- Proposed Category
- Public
- Regulatory Reference
- Regulation 31A of SEBI LODR
What was shared
The company told BSE that it had submitted an application on 23/09/2026 seeking a No-Objection for reclassification of Mr. Tushar Shah from the "Promoter" category to the "Public" category.
What reclassification means
- A promoter is a person treated as being in control of or closely associated with the running of the company.
- Moving to the public category means the person is treated as an ordinary shareholder for disclosure purposes.
- The process needs exchange approval, which is why the company has applied for a No-Objection.
What to watch
- Whether BSE grants the No-Objection and the company's subsequent intimation on the outcome.
- Changes reflected in the shareholding pattern once reclassification takes effect.
This intimation is procedural in nature and does not by itself change the company's business operations.
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