Receipt of NOC for promoter and promoter group re-classification from Stock exchanges
INDIASHLTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Shelter Finance Corporation has received approval from both BSE and NSE for reclassifying 16 entities from 'Promoter & Promoter Group' to 'Public' category under SEBI Listing Regulations. The reclassification includes 3 individuals (Mr. Anil Mehta, Mr. Adit Mehta, Ms. Aditi Mehta) and 13 corporate entities including various Crossland companies and GreenCore PTE Ltd. Only Mr. Anil Mehta held any shares (1.44% as of March 31, 2026), while all other 15 entities held NIL shares. The company applied for this reclassification on February 10, 2026, and received approval on May 21, 2026.
This reclassification reduces the official promoter group holding, potentially increasing public shareholding. Mr. Anil Mehta's 1.44% stake is now classified as public shareholding, which may signal partial or full exit intentions by the outgoing promoters.