Withdrawal of application seeking No-Objection for Promoter/Promoter Group to Public reclassification
Landsmill Green Ltd has withdrawn its application to BSE and NSE seeking a No-Objection to reclassify shares from the Promoter/Promoter Group category to the Public category.
By ScoutQuest · · 2 min read
- Promoters requesting withdrawal
- Arpit Khurana, Isha and Ranjana Khurana
- Original reclassification request date
- 07.09.2026
- Withdrawal request date
- 16-10-2026
Withdrawal of a promoter reclassification request
Landsmill Green Limited (formerly Excel Realty N Infra Limited) has informed BSE Limited and the National Stock Exchange of India that it is withdrawing its application seeking a No-Objection for reclassification from the Promoter/Promoter Group category to the Public category, made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company had announced the reclassification move on 12.09.2026. The withdrawal follows written requests from promoters, each dated 16-10-2026, in which they consent to cancel the reclassification requests they had made to the company on 07.09.2026. The company has enclosed the withdrawal requests from the promoters along with its letter to the exchanges.
Who asked for the withdrawal
- Arpit Khurana
- Isha
- Ranjana Khurana
What reclassification means, in simple terms
Every listed company has to keep a minimum portion of its equity shares with the public. Shares held by the promoter and promoter group are not counted as public shareholding. Reclassification is the process by which a promoter-group shareholder asks to be treated as a public shareholder instead. If such a request is cleared, those shares move out of the promoter category and begin counting towards public shareholding.
What changes with this update
The application to BSE and NSE is being withdrawn, so the reclassification process that was initiated stands cancelled. The shareholding category of the promoter and promoter group remains as it was, and no shares move from the promoter category to the public category as a result of this step.
What to keep in mind
A reclassification request is a change in how shares are categorised, not a sale or purchase of shares. Investors who track promoter holding or the public shareholding ratio would read this as the earlier request being taken off the table, and the promoter/promoter group holding continuing in the same category as before.
The letter to the exchanges is signed by Ankit Mehra, Managing Director.
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