BSE clears reclassification of promoter Suchitra Agarwal to public
BURNPUR · price
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BSE has approved the reclassification of Mrs. Suchitra Agarwal from Promoter to Public category in Burnpur Cement. She currently holds no shares after UV Asset Reconstruction Company invoked the pledge on promoter shares under the SARFAESI Act. The company is under ARC management. The reclassification follows a Calcutta High Court order and SEBI direction.
Reduces promoter group classification. Mrs. Agarwal held nil shares but was classified as promoter. Formal reclassification now complete.