Sundram Fasteners Board approves promoter reclassification

The Board of Directors of Sundram Fasteners Ltd has approved the reclassification of certain promoter group entities, specifically Lakshminarayana Ancillaries Private Limited (LNL), Upasana Properties Private Limited (UPP), and Upasana Private Limited (UPL), to the public category. This decision was made in accordance with requests received under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board confirmed that the entities met the specified requirements. The reclassification is now contingent upon obtaining a no-objection certificate from both the National Stock Exchange of India Limited and BSE Limited.