StockWatch
·
Iron & Steel Products
Promoter Reclassification30 Sept 2026, 09:10 pm

Rathi Steel & Power seeks promoter reclassification for DBG Leasing

AI Summary

Rathi Steel & Power Ltd has submitted an application to BSE Limited (BSE) seeking no-objection or approval for the reclassification of DBG Leasing and Housing Limited (DBG) from the 'Promoter & Promoter Group' category to the 'Public' category. This action is in accordance with Regulation 31A(3) of the Listing Regulations and follows a previous Board of Directors' meeting outcome filed on September 28, 2026. The company is seeking regulatory approval for this change in shareholding classification.

Key Highlights

  • Application filed for promoter reclassification.
  • DBG Leasing & Housing to move from Promoter to Public category.
  • Action taken under Regulation 31A(3) of Listing Regulations.
  • BSE approval is sought for the reclassification.