Shardul Securities Limited has submitted a regulatory disclosure to BSE Limited regarding the reclassification of promoter group members. This intimation is made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The disclosure references an earlier filing dated 12 August 2026 where the company's board of directors approved the reclassification of certain members of the promoter and promoter group. The entities identified for reclassification include Gagan Dinanath Chaturvedi, Shruti Gagan Chaturvedi, Mohini G Chaturvedi, Pradeep Sandeep Corporate Advisors LLP, and Kamvan Construction Private Limited (collectively referred to as "Requesting Members").
On 17 August 2026, the company made a formal application to BSE Limited seeking reclassification of these Requesting Members from the 'Promoter and Promoter Group' category to the 'Public' category. This application was made in accordance with Regulation 31A of the Listing Regulations.
The company has committed to keeping the stock exchange informed about the status and progress of the reclassification application as required under the Listing Regulations. The document is signed by Daya Bhalia, Company Secretary (Membership No.: A24205), on behalf of Shardul Securities Limited.
No specific financial impact or quantitative details regarding the shareholding changes are disclosed in this filing. The document serves primarily as a regulatory compliance update regarding the change in promoter classification status.