
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 post-August 29, 2024, and does not control or participate in the company's management, despite being incorrectly listed as a promoter. The company has attached these 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.
- Key individuals no longer control or manage company operations.
- Shareholding changes noted, including transfer by Manglam Engineering Projects.
Price Impact
More from LONTE