Promoter Reclassification10 Sept 2026, 04:04 pm
Landsmill Green Board Approves Promoter Reclassification
AI Summary
Landsmill Green Limited's Board of Directors met on September 10, 2026, and approved the reclassification of certain shareholders from 'Promoter/Promoter Group' to 'Public Shareholder' status. This decision is subject to approvals from the stock exchanges and the company's shareholders. The board confirmed that the outgoing promoters meet the criteria under SEBI LODR Regulations for such reclassification, with their aggregate shareholding currently at 4.58%.
Key Highlights
- Board approved promoter reclassification to public shareholder status.
- Reclassification is subject to stock exchange and shareholder approvals.
- Outgoing promoters meet SEBI LODR criteria for reclassification.
- Aggregate shareholding of outgoing promoters is 4.58%.
- Board meeting held on September 10, 2026.
Price Impact
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