
Promoter Reclassification5 Aug 2026, 05:00 pm
Delta Manufacturing: Mr. Chand Arora Seeks Promoter Reclassification
AI Summary
Delta Manufacturing Ltd announced that it has received a request from Mr. Chand Arora to be reclassified from the 'Promoter/Promoter Group' category to the 'Public' category, as per SEBI LODR Regulations. Mr. Arora stated he holds no equity shares, does not participate in management, and has no control or influence over the company. The Board of Directors will review the request and seek necessary approvals from stock exchanges. This reclassification is sought under Regulation 31A of SEBI LODR Regulations.
Key Highlights
- Mr. Chand Arora requests reclassification from Promoter Group to Public.
- Applicant states no shareholding, management control, or influence.
- Board to review request and seek stock exchange approval.
- Action taken under SEBI LODR Regulations, Regulation 31A.
Price Impact
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