Promoter Reclassification3 Aug 2026, 10:30 pm
Shalimar Paints Gets Exchange Nod for Promoter Reclassification
AI Summary
Shalimar Paints Limited has received a No Objection Letter from BSE Limited and National Stock Exchange of India Limited, dated August 03, 2026, for the reclassification of certain individuals from the 'Promoter/Promoter Group' category to the 'Public' category. This approval is granted under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has been advised to ensure compliance with subsequent disclosure requirements related to this reclassification. The reclassification pertains to individuals listed in Annexure A, including Ms. Hina Devi Goyal, who held a small percentage of shares.
Key Highlights
- Stock exchanges approve Shalimar Paints' promoter reclassification.
- Reclassification moves individuals from 'Promoter Group' to 'Public' category.
- Approval granted under SEBI LODR Regulations, 2015.
- Company must comply with future disclosure obligations.
- Hina Devi Goyal is among the reclassified individuals.
Price Impact
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