Reclassification of Mr. Akhil Mittal and Ms. Pratika Sharma from public category to Promoter category
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Akhil Mittal and Ms. Pratika Sharma have been reclassified from the Public Shareholder category to the Promoter category of Ramchandra Leasing & Finance Ltd. This follows the completion of a Share Purchase Agreement dated November 29, 2024, under which equity shares were transferred from the erstwhile promoter group to them. The entire share transfer was completed on January 19, 2026, and the mandatory open offer under SEBI Takeover Regulations had already been completed earlier. Consequent to this, Mr. Akhil Mittal and Ms. Pratika Sharma have acquired control over the Company.
This represents a change of control at the company, with a new promoter group taking over from the previous promoters. Existing shareholders should monitor how the new promoters plan to run the business, as promoter changes can affect future strategy, management decisions, and stock price direction.