Promoter Reclassification29 May 2026, 08:21 pm
Reganto: Promoter Reclassification Request Rejected
AI Summary
Reganto Enterprises Ltd's board rejected Vistara Network Private Limited's request for reclassification from 'Promoter' to 'Public' category. The board found that Vistara Network, currently holding 15.61% shareholding and voting rights, does not meet the requirement of holding less than 10% of total voting rights as per Regulation 31A(3)(b)(i) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Reganto Enterprises rejected Vistara Network's reclassification request.
- Vistara Network holds 15.61% shareholding, exceeding the 10% limit.
- Rejection based on Regulation 31A(3)(b)(i) of SEBI LODR Regulations.
- Vistara Network sought reclassification from 'Promoter' to 'Public' category.
Price Impact
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