Promoter Reclassification19 May 2026, 03:44 pm
BRNL: SREI Infra Seeks Reclassification to 'Public' Category
AI Summary
Bharat Road Network Ltd (BRNL) received a request from SREI Infrastructure Finance Limited (SIFL), a promoter, on May 18, 2026, to be reclassified to the 'Public' category. SIFL currently holds 1,66,30,000 equity shares, representing 19.81% of BRNL's shareholding. This request will be reviewed by the Board of Directors, subject to stock exchange approval. SIFL has not been part of the promoter group since August 11, 2023, following an NCLT order approving a resolution plan where NARCL took over SIFL.
Key Highlights
- SREI Infra requests reclassification from 'Promoter' to 'Public' category.
- SIFL holds 19.81% of BRNL's equity shares (1,66,30,000 shares).
- Reclassification is subject to Board and stock exchange approval.
- SIFL is no longer part of BRNL's promoter group since August 11, 2023.
- NARCL's resolution plan for SIFL was approved by NCLT.
Price Impact
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