Promoter Reclassification5 Nov 2026, 06:33 pm
Shri Gang Industries gets BSE No-Objection for Promoter Reclassification
AI Summary
Shri Gang Industries & Allied Products Ltd has received a no-objection letter from BSE Limited for the reclassification of Mr. Ajay Gupta, Mr. Shailesh Gupta, Mr. Siddharth Gupta, and Mr. Ramesh Gupta from the 'Promoter & Promoter Group' category to the 'Public' category. This follows an application made on May 12, 2026, and is in accordance with Regulation 31A of the SEBI LODR Regulations. The company will now proceed to seek shareholder approval for this reclassification.
Key Highlights
- BSE grants no-objection for promoter reclassification.
- Four individuals to move from Promoter to Public category.
- Reclassification is under SEBI LODR Regulation 31A.
- Company to seek shareholder approval next.
Price Impact
More from SHRIGANG