Promoter Reclassification22 May 2026, 04:51 pm
Shivalik Bimetal: Promoter Reclassification Request from Solan Developers
AI Summary
Shivalik Bimetal Controls Ltd has received a request from M/s Solan Developers Private Limited to reclassify from the ‘Promoter and Promoter Group’ category to the ‘Public’ category of shareholders. The company has filed an application with NSE and BSE seeking a No Objection Certificate (NOC) for this reclassification, as per Regulation 31A of the SEBI LODR Regulations. The request letter was dated May 11, 2026.
Key Highlights
- Solan Developers seeks reclassification from 'Promoter' to 'Public' category.
- Shivalik Bimetal filed NOC application with NSE and BSE.
- Request is in accordance with SEBI LODR Regulations.
- Request letter received on May 11, 2026.
Price Impact
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