Promoter-to-public reclassification request submitted to BSE and NSE
BGRENERGY · price
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On 30 October 2026, BGR Energy Systems applied to BSE and NSE for approval to reclassify S K Sridhar from a promoter shareholder to a public shareholder. The proposal was disclosed on 26 October 2026. Reclassification changes his shareholder category, not the number of shares he holds.
No immediate effect on operations or finances. If approved, Sridhar's stake would count as public rather than promoter holding; this is not a new share sale.