Request received to reclassify a promoter-group entity after its voluntary winding up
SBI Funds Management has received a communication from Amundi Asset Management, one of the Company's Promoters.
By ScoutQuest · · 1 min read
- Entity sought for reclassification
- AIXIGO TR YAZILIM LIMITED SIRKETI
- Entity shareholding in Company
- not holding any shares in the Company
- Reason cited
- voluntary winding up/dissolution
What the update says
SBI Funds Management Ltd has informed the stock exchanges that it has received a communication from Amundi Asset Management, one of the Promoters of the Company. The communication seeks removal/reclassification of AIXIGO TR YAZILIM LIMITED SIRKETI, an entity forming part of the promoter group, from the 'Promoter Group' category of the Company, consequent upon its voluntary winding up/dissolution.
Shareholding of the entity
The update states that the aforesaid entity was not holding any shares in the Company at the time of the communication.
What happens next
- The Company will take necessary steps in compliance with Regulation 31A of the SEBI Listing Regulations.
- The matter will be placed before the board for its analysis and views.
- The Company will apply for necessary no-objections and/or approvals to regulatory authorities including SEBI and the stock exchanges, as may be required.
What this means for a retail reader
- This is a request received, not a reclassification that has been approved. The change is still to go through the board and the approval process the update describes.
- The entity whose removal is sought held no shares in the Company, so nothing in the update points to a change in the number of shares held by the promoter group on account of this entity.
- The composition of the promoter group can change once the process and approvals described in the update are completed.
Background term
Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 deals with the reclassification of a promoter or a person belonging to the promoter group out of that category. The Company is intimating the receipt of the request under Regulation 31A(8)(a).
Also from SBI Funds Management
Audio recording of SBI Funds Management Q2/H1 FY2026-27 earnings call held October 23, 2026 made available
23 Oct 2026
Board approves Q2 and H1 results, postal ballot for independent director, promoter group reclassification
23 Oct 2026
Investor presentation and press release on Q2 and H1 FY27 results
23 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.