DLF Ltd Board Approves Promoter Reclassification

DLF Ltd's Board of Directors has approved the reclassification of Madhukar Housing and Development Company from 'Promoter/Promoter Group' to 'Public' category. This decision, made upon the recommendation of the Stakeholders Relationship Committee, is subject to stock exchange approval. Madhukar, which holds no equity shares, has met SEBI Listing Regulations requirements for reclassification. The company stated this change will not impact its operations or existing shareholding structure. The Promoter/Promoter Group will continue to hold 74.08% of the paid-up equity share capital post-reclassification.