StockWatch
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Cement & Cement Products
Promoter Reclassification23 Oct 2026, 12:40 pm

Shree Cement: Board Approves Promoter Reclassification Request

AI Summary

Shree Cement's Board of Directors, in a meeting held on October 23, 2026, approved a request from Ms. Riya Puja Jain to reclassify her shareholding from 'Promoter Group' to 'Public'. Ms. Jain holds 2050 equity shares, representing 0.0057% of the company's total shares. This reclassification is subject to necessary approvals from stock exchanges, shareholders, and regulatory bodies. The company will proceed with filing applications with NSE and BSE to obtain No Objection Certificates and will complete subsequent actions as per regulatory requirements.

Key Highlights

  • Board approved reclassification of Ms. Riya Puja Jain's shares.
  • Reclassification is from 'Promoter Group' to 'Public' category.
  • Ms. Jain holds 2050 equity shares (0.0057% stake).
  • Approval is subject to regulatory and shareholder consent.
  • Company to file for stock exchange NOCs.