Date: September 15, 2026
Board Meeting Outcomes
This document intimates the outcome of a regulatory process, not a board meeting. The company has received formal approvals from the stock exchanges for a specific action.
Reclassification of Promoter Status
The primary disclosure is the receipt of approval from BSE Limited and the National Stock Exchange of India Limited for the reclassification of a promoter.
- Approval Details: The company received approval letters from both BSE and NSE dated September 10, 2026.
- Regulatory Reference: The approval is granted under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Application History: The request for reclassification was originally submitted by the company to the exchanges on June 11, 2026. An initial intimation was made by the company on April 10, 2026, regarding the receipt of the reclassification request.
Shareholder Details
Details of the promoter being reclassified are provided:
- Name: Mr. T Satish U Pai
- Number of Shares Held: 120
- Percentage of Holding: 0%
- Reclassification: From 'Promoter and Promoter Group' category to 'Public' category.
Compliance Requirements
The approval letters from the exchanges stipulate that the company must ensure compliance with subsequent relevant disclosures of material events related to this reclassification, as per the applicable provisions of Regulation 31A of the SEBI (LODR) Regulations, 2015.