Intimation of Receipt of Approval for Reclassification Application of Promoters Under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
BSE has approved India Cements Capital's application to reclassify three entities — Mr. N. Srinivasan, ICL Financial Services Limited, and ICL Securities Limited — from the 'Promoter / Promoter Group' category to the 'Public' category. The company had applied for this reclassification on February 15, 2025, and the approval letter was received on July 22, 2025. Notably, all three entities currently hold zero shares and zero per cent shareholding in the company, so this is a formal status change rather than an actual transfer of ownership.
Since the outgoing promoters already hold no shares, this reclassification does not change the actual shareholding pattern of the company. It is a housekeeping/governance action and is unlikely to have any material impact on the stock price.