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INFY · price
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Infosys has submitted applications to BSE and NSE seeking re-classification of Mr. Shreyas Shibulal and Ms. Bhairavi Madhusudhan Shibulal from the 'Promoter and promoter group' category to 'Public' shareholders. This follows the Board approval given on April 30, 2026. The reclassification is being done under Regulation 31A of SEBI LODR. When promoters are reclassified as public shareholders, their shares are no longer counted toward promoter holding, effectively reducing the total promoter stake in the company. This is a voluntary request by the individuals to change their status.
Reclassification will reduce the official promoter holding percentage, as these shares will now be treated as public shares. This could impact the company's promoter group shareholding ratio and may be watched closely by investors tracking promoter stake levels.