
Longview Tea Promoters Seek Reclassification to Public
Longview Tea Company Ltd has received requests from Yashwant Kumar Daga, Nandini Daga, and Jalpaiguri Holdings Private Limited, along with Manglam Engineering Projects Limited (which has since transferred its shares), seeking reclassification from 'Promoter' to 'Public' category under SEBI (LODR) Regulations, 2015. The requests cite reasons such as incorrect classification leading to frozen demat accounts and trading suspension. Yashwant Kumar Daga, specifically, highlights that he ceased to be a Director on August 29, 2024, and does not exercise control or participate in management, only exercising voting rights as an ordinary shareholder. The company has attached the individual requests for information and record.
Key Highlights
- Promoters seek reclassification to public category under SEBI regulations.
- Requests cite incorrect classification impacting demat accounts and trading.
- Individuals state no control or management participation.
- Reclassification follows cessation as Director in August 2024.
- Company forwards requests for information and record.
Price Impact
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