We are submitting herewith Disclosure under Regulation 31A of SEBI (LODR) Regulations, 2015 - No Objection for Reclassification of Promoter(s).
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IEL Ltd has received No Objection Letter from BSE dated May 20, 2026, approving the reclassification of three individuals—Ronit Champaklal Shah, Kalpanaben Champaklal Shah, and Romit Champaklal Shah—from the 'Promoter' category to the 'Public' category. Notably, all three individuals currently hold NIL equity shares (0% holding) in the company. The reclassification is being sought under Regulation 31A of SEBI (LODR) Regulations, 2015. Since the promoters hold no shares, the reclassification will not alter the company's actual shareholding structure or free float.
Since these promoters held no shares, the reclassification has no immediate impact on the company's stock or shareholder composition. It is essentially an administrative change reflecting the departure of non-contributing entities from the promoter group.