Key Event
Taj GVK Hotels & Resorts Limited received a reclassification request letter dated July 29, 2026 from The Indian Hotels Company Limited (IHCL). The letter seeks reclassification of IHCL from the "promoter and promoter group" category to the "Public" category under Regulation 31A of the Listing Regulations.
Board Approval
The Board of Taj GVK Hotels & Resorts Limited approved the reclassification request at its meeting held on July 31, 2026. The company will take necessary steps in accordance with Regulation 31A of the Listing Regulations.
Background Context
This reclassification request follows IHCL's sale of 1,60,00,400 equity shares, representing 25.52% of the issued and paid-up equity share capital of Taj GVK Hotels & Resorts Limited. The sale was executed by way of an off-market transfer on December 30, 2025. IHCL no longer holds any equity shares in the company.