Lodha Developers Limited has informed the Exchange regarding 'Intimation under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) - Submission of application to Stock Exchanges upon receipt of request for Re-classification from Promoter Category to Public Category'.
LODHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lodha Developers has submitted an application to the stock exchanges (NSE/BSE) requesting reclassification of certain shareholders from the 'Promoter' category to the 'Public' category. The application was filed under Regulation 31A of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, after receiving a request for reclassification. This is a procedural filing initiated upon receipt of the reclassification request. The actual reclassification will be subject to stock exchange approval. No details on the quantum of shares or names involved were mentioned in this intimation.
If approved, this will reduce the official promoter shareholding on record and increase the public shareholding count, but does not necessarily change the actual ownership or control of the company. Neutral to slightly positive for float and liquidity perception; pending stock exchange approval.