Quick Heal Technologies Limited has informed the Exchange about receipt of no-objection letter for reclassification of Promoter under Regulation 31A of SEBI LODR Regulation
QUICKHEAL · price
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Quick Heal Technologies has received no-objection letters from both NSE and BSE on March 18, 2026, for reclassifying Gagan Bharari Enterprises LLP from the 'Promoter and Promoter Group' category to the 'Public' category under Regulation 31A of SEBI LODR Regulations. The company had applied for this reclassification on February 3, 2026. This reclassification means the entity will no longer be counted as part of the promoter group, effectively increasing the public shareholding of the company. The company must now comply with subsequent disclosure requirements under Regulation 31A.
This reclassification reduces the promoter group's stake in Quick Heal and increases the public float, which could improve liquidity and free-float metrics. For existing shareholders, it signals that this entity no longer has promoter-level influence or obligations, but the actual shareholding may not have changed — the shares simply move from being labeled as promoter-held to public-held.