DLF Board Approves Reclassification of Madhukar to Public Category

DLF Ltd's Board of Directors has approved the reclassification of Madhukar Housing and Development Company from the 'Promoter/Promoter Group' to the 'Public' category. This decision, made upon the recommendation of the Stakeholders Relationship Committee, is subject to stock exchange approval. Madhukar, which currently holds no equity shares, has met the SEBI Listing Regulations' conditions for reclassification. The reclassification will not impact DLF's operations, financials, or existing shareholding structure. The Promoter/Promoter Group will continue to hold 74.08% of the company's equity share capital post-reclassification. DLF will submit a detailed application to the stock exchanges within the stipulated timelines.