Promoter Reclassification21 May 2026, 11:34 am
IEL: BSE OKs Promoter Reclassification to Public Category
AI Summary
IEL Ltd. received approval from BSE Limited for the reclassification of Mr. Ronit Champaklal Shah, Mrs. Kalpanaben Champaklal Shah, and Mr. Romit Champaklal Shah from the "Promoter" category to the "Public" category. This reclassification is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the disclosure under Regulation 31A, and the BSE's No Objection Letter, dated 20th May 2026, confirms the approval for this change.
Key Highlights
- BSE approves IEL's request to reclassify promoters to public category.
- Ronit, Kalpanaben, and Romit Shah reclassified from 'Promoter' to 'Public'.
- Reclassification follows SEBI (LODR) Regulations, 2015.
- No Equity shares held by promoters seeking reclassification.
Price Impact
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