Dalmia Bharat Limited has informed the Exchange about General Updates. Intimation of receipt of request for re-classification from Promoter and Promoter Group category to Public category shareholder in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Dalmia Bharat Limited has received a request from Birla Tyres Limited (BTL) to be reclassified from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI Listing Regulations. BTL held 0.00% equity shares in Dalmia Bharat, but was part of the promoter group because it was a subsidiary of Dalmia Bharat Refractories Limited (DBRL). BTL ceased to be a DBRL subsidiary after Himadri Speciality Chemical Limited converted OCDs into equity, reducing DBRL's stake from 99.99% to 0.33%, with the remaining stake then sold to HSCL. BTL is now a wholly owned subsidiary of HSCL effective April 7, 2025. The Board of Dalmia Bharat will consider the reclassification request at its next meeting.
This is a procedural reclassification with no direct impact on Dalmia Bharat's shareholding pattern, as BTL held zero shares in the company. It reflects a corporate restructuring within the promoter group and signals no change in promoter control over Dalmia Bharat.