
Promoter Reclassification4 Aug 2026, 05:40 pm
BSE Grants No-Objection for Pipan Oils Promoter Reclassification
AI Summary
Pipan Oils Ltd has received a no-objection from BSE Limited for the reclassification of Raconteur Granite Limited from the 'Promoter' category to the 'Public' category. This approval, granted in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, follows an application submitted on June 3rd, 2026. Raconteur Granite Limited held 5,00,000 equity shares, representing 2.85% of the company's shareholding. Pipan Oils is required to ensure compliance with subsequent disclosure requirements related to this reclassification.
Key Highlights
- BSE grants no-objection for promoter reclassification.
- Raconteur Granite Limited moves from Promoter to Public category.
- Reclassification involves 5,00,000 shares (2.85% holding).
- Approval is under SEBI LODR Regulations, Regulation 31A.
- Company must comply with further disclosure norms.
Price Impact
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