
Promoter Reclassification11 Sept 2026, 01:11 pm
Avenue Supermarts: BSE/NSE No-Objection for Promoter Reclassification
AI Summary
Avenue Supermarts Ltd has received no-objection letters from BSE Limited and National Stock Exchange of India Limited (NSE) for the reclassification of Mr. Vijay Shankar Chandak from the 'Promoter Group' to the 'Public' category. This reclassification is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously submitted applications on June 22, 2026, and July 16, 2026, seeking this change. The stock exchanges have granted their approval, and Avenue Supermarts is required to ensure compliance with subsequent disclosure requirements related to this reclassification.
Key Highlights
- BSE and NSE grant no-objection for promoter reclassification.
- Mr. Vijay Shankar Chandak moves from Promoter Group to Public.
- Reclassification follows SEBI LODR Regulations 31A.
- Company must comply with further disclosure norms.
Price Impact
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