Shivalik Bimetal Controls Limited has made a regulatory disclosure to BSE Limited and National Stock Exchange of India Ltd regarding receipt of No Objection Certificates (NOCs) for promoter reclassification.
The company received No Objection Certificates dated August 31, 2026, from both National Stock Exchange of India Limited (NSE) and BSE Limited. These NOCs pertain to a reclassification request submitted by Solan Developers Private Limited seeking reclassification from 'Promoter and Promoter Group' category to 'Public' category of shareholders.
The reclassification has been approved in accordance with the applicable provisions of Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The original application for reclassification was submitted on May 22, 2026. The NOCs specifically approve the reclassification of Solan Developers Private Limited from promoter/promoter group status to public shareholder category.
Enclosures and Reference Details
The disclosure includes the following enclosure references:
- BSE Reference: LIST/COMP/SJ/185/2026-27 dated August 31, 2026
- NSE Reference: NSE/LIST/COMP/SBCL/595/2026-2027 dated August 31, 2026
Compliance Requirements
Both stock exchanges have stipulated that the company must ensure compliance with subsequent relevant disclosures of material events related to this reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015.
Signatories and Authentication
The BSE NOC was signed by Jayshree Soni (Deputy Vice President, Listing Compliance) and Sayli Jadhav (Deputy Manager, Listing Compliance).
The NSE NOC was digitally signed by Ajit Mahadik (Senior Manager – Listing Compliance) on August 31, 2026, at 16:41:59 IST.