SGShri Gang Industries & Allied Products523309Reclassification update

BSE gives no-objection to reclassification of four promoters to public category

BSE has given its no-objection to reclassifying Mr. Ajay Gupta, Mr. Shailesh Gupta, Mr. Siddharth Gupta and Mr. Ramesh Gupta from the "Promoter & Promoter Group" category to the "Public" category.

By ScoutQuest · Thu 5 Nov 2026, 6:28 PM IST · 2 min read

Promoters Reclassified (Count)

four promoters — Mr. Ajay Gupta, Mr. Shailesh Gupta, Mr. Siddharth Gupta and Mr. Ramesh Gupta

Application Date to BSE

May 12, 2026

BSE No-Objection Letter Date

November 05, 2026

What the company told the exchange

• BSE has given its no-objection to reclassifying four persons — Mr. Ajay Gupta, Mr. Shailesh Gupta, Mr. Siddharth Gupta and Mr. Ramesh Gupta — from the "Promoter & Promoter Group" category to the "Public" category.
• The company had applied to BSE on May 12, 2026.
• BSE's no-objection letter is dated November 05, 2026.
• The company will now take the steps needed to seek shareholders' approval for the reclassification under Regulation 31A of the SEBI LODR Regulations.

What the two categories mean

• "Promoter & Promoter Group" is the classification for the founders and those in control of the company. This tag brings stricter disclosure and reporting obligations, and the shares held under it are counted separately in the shareholding pattern.
• "Public" category is the classification used for shareholders who are not promoters. Shares moved to this category are counted as public shareholding.

What happens next

• The BSE no-objection is one step in the process; the reclassification is still subject to approval by the company's shareholders.
• The company has said it will take all necessary steps to seek that approval.
• The exchange has asked the company to make the subsequent disclosures required for this reclassification.

How to read this

• This is a regulatory and shareholding-classification update. It records clearance from the exchange for the company's request, not a change in the company's business or operations.
• If the reclassification is completed, the same shares will be counted under the public category instead of the promoter and promoter group category. The overall number of shares does not change on account of the reclassification itself.
• The practical effect on the reported shareholding pattern depends on how many shares these four persons hold, which is not part of this intimation.
• Investors should watch for the shareholder approval step and the updated shareholding pattern that follows.

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.

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