Vistara Network Private Limited formally requests reclassification from promoter to public category for its 15.61% stake in Reganto Enterprises.
The request cites no management participation, no board representation, and no acting in concert with other promoters for over one year.
Reclassification requires board approval, shareholder approval, and regulatory clearance from BSE under SEBI Regulation 31A.
Vistara holds 2.28 crore shares and confirms meeting all regulatory conditions for reclassification.