Promoter Reclassification6 Nov 2026, 04:41 pm
Kalpataru Projects seeks approval for promoter reclassification
AI Summary
Kalpataru Projects International Ltd has submitted an application to BSE and NSE seeking approval for the reclassification of Mr. Imtiaz Kanga and Mrs. Yasmin Imtiaz Kanga from the 'Promoter Group' to the 'Public' category. This move is in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously intimated about this intention on November 3rd and 5th, 2026.
Key Highlights
- Application filed for promoter reclassification.
- Reclassification sought from 'Promoter Group' to 'Public'.
- Move aligns with SEBI Regulation 31A.
- Stock exchanges' approval is pending.
Price Impact
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