Shri Gang Industries Receives BSE NOC for Promoter Reclassification

Key Details and Timeline

• The company applied to BSE Limited on May 12, 2026 for reclassification of four individuals from "Promoter & Promoter Group" category to "Public" category
• BSE granted no-objection via letter reference No. LIST/COMP/M3/264/2026-27 dated November 05, 2026
• The no-objection specifically covers reclassification of: Ajay Gupta, Shailesh Gupta, Siddharth Gupta, and Ramesh Gupta

Regulatory Framework

The reclassification is being processed under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Next Steps and Requirements

The company shall take all necessary steps to seek shareholder approval for the reclassification in accordance with Regulation 31A requirements. The company is also required to ensure compliance with subsequent relevant disclosures of material events related to this reclassification.

Financial Impact

Financial impact not quantified in the disclosure. The reclassification represents a change in ownership classification rather than a direct financial transaction.