Intimation of submission of application for Reclassification from Promoter to Public category of the Company pursuant to Regulation 30 and 31A of SEBI (LODR) Regulations, 2015
IITL · price
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Industrial Investment Trust Ltd has submitted an application to BSE and NSE seeking approval to reclassify Mr. Swaran Singh from the 'Promoter' category to the 'Public' category under SEBI LODR Regulations 30 and 31A. Mr. Swaran Singh currently holds 25,000 shares representing 0.11% of the company's total shareholding (including GDR) or 0.13% (excluding GDR). The company filed this application on May 26, 2026. This reclassification, if approved, would remove Mr. Swaran Singh from the list of promoters of the company and change his status to that of a public shareholder.
The reclassification, if approved by the stock exchanges, would reduce the identified promoter group's shareholding in the company. Given the small size of the holding (0.11%), the direct impact on stock price is likely minimal, but it signals a further thinning of the promoter stake in the company.