Abhishek Infraventures Limited submitted a regulatory disclosure to BSE Limited and the Metropolitan Stock Exchange of India Limited regarding promoter reclassification under SEBI LODR Regulations.
The company received a no-objection letter from BSE (Ref No. LIST/COMP/KR/083/2026-27) dated June 01, 2026 for the reclassification of three individuals from "Promoter/Promoter Group" category to "Public" shareholder category: Mr. K G Madhusudhana, Mrs. M Lakshmi Madhu, and Mr. Vidya Rajesh.
The company also received an advisory letter from BSE (Ref No. LIST/COMP/KR/084/2026-27) dated June 01, 2026 regarding a compliance issue. BSE noted that the company had submitted its application for reclassification on November 18, 2025, but disclosed this material event to the exchange only on May 21, 2026, instead of the required timeline of within 24 hours as stipulated under Regulation 31A(8)(c) of SEBI LODR Regulations. The disclosure should have been made on November 19, 2025.
BSE advised the company to be careful in future, exercise due caution, and initiate corrective steps to avoid recurrence of such incidents to ensure compliance with exchange circulars and regulations.
The company is required to ensure compliance with subsequent relevant disclosures of material events related to this reclassification in accordance with Regulation 31A of SEBI LODR Regulations, 2015.
The disclosure was signed by Nagaraju Nookala, Whole Time Director (DIN: 09083708) on June 02, 2026.
Financial Impact
Financial impact not quantified in the disclosure.