StockWatch
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Diversified Commercial Services
Promoter Reclassification4 Nov 2026, 05:42 pm

Olympic Management gets BSE nod for promoter reclassification

AI Summary

Olympic Management & Financial Services Ltd has received approval from BSE Limited for the reclassification of M/s. Excel Paints Private Limited 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 had initially submitted its application for this reclassification on June 01, 2026. The BSE's approval letter, dated November 04, 2026, confirms the no-objection for this change in shareholding status.

Key Highlights

  • BSE approval received for promoter reclassification.
  • Excel Paints Private Limited moves from Promoter to Public category.
  • Reclassification aligns with SEBI LODR Regulations 31A.
  • Company had applied for reclassification on June 01, 2026.