Nabha Power reclassified from Promoter Group to Public after BSE and NSE no-objection
L&T Finance has informed the exchanges that BSE and NSE have given no-objection to reclassifying Nabha Power Limited from the 'Promoter Group' category to 'Public'.
By ScoutQuest · · 1 min read
- Reclassification
- Nabha Power Limited from 'Promoter Group' to 'Public'
- Exchange no-objection letters date
- October 28, 2026
- Application date
- July 14, 2026
What the company has disclosed
- L&T Finance has informed BSE and NSE that both exchanges have granted no-objection to the reclassification of Nabha Power Limited from the category of 'Promoter Group' to 'Public'.
- The company's application to the exchanges was dated July 14, 2026. Earlier letters on the matter were dated June 27, 2026 and July 10, 2026.
- The no-objection letters from BSE and NSE are both dated October 28, 2026.
- The company's letter to the exchanges is dated October 29, 2026.
What 'reclassification' means here
Under the SEBI listing rules, a company's shares are grouped into categories such as 'Promoter and Promoter Group' and 'Public'. A shareholder classified in the promoter group is treated as part of the promoter family of the company.
Reclassification means changing that label for one entity. After the move, Nabha Power Limited would be counted in the 'Public' category rather than the promoter group.
Why investors may track this
- The promoter group shareholding percentage, as reported in shareholding patterns, changes when an entity is moved out of that bucket.
- Some rules apply specifically to promoter and promoter group holdings, so a reclassification can change how that stake is treated.
- The exchanges have granted no-objection; the company says it will complete the follow-up disclosures required for the reclassification.
What the exchanges have said
Both BSE and NSE letters state that the no-objection is given for the promoter group named in the letters, i.e. Nabha Power Limited, based on the submission made by the company. The exchanges also ask the company to ensure the subsequent compliance and disclosures linked to the reclassification.
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