Board approves reclassification of two promoters to public category

Burnpur Cement's board on January 19, 2026 approved reclassifying two promoters, Shehul Sandip Parikh and Rakhi Parikh, from the Promoter category to Public category under SEBI Regulation 31A. Both promoters hold NIL equity shares with 0% holding and confirmed they do not exercise control or hold any special rights in the company. The reclassification still requires no-objection from NSE and BSE. Shareholder approval is not required since the outgoing promoters hold less than 1 percent of total voting rights.