Promoter Reclassification24 Sept 2026, 10:24 pm
Sundram Fasteners: Promoter Group Reclassification Approved
AI Summary
Sundram Fasteners Ltd has received approval from NSE and BSE for the reclassification of Lakshminarayana Ancillaries Private Limited, Upasana Properties Private Limited, and Upasana Private Limited from the 'Promoter Group' to the 'Public' category. This follows an application submitted on May 5, 2026, in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will make this information available on its website.
Key Highlights
- Promoter group entities reclassified to public shareholders.
- Approval received from both NSE and BSE.
- Reclassification is in accordance with SEBI LODR Regulations 31A.
- Company to update its website with the approved reclassification.
Price Impact
More from SUNDRMFAST