Consideration of request of reclassification under regulation 31A of LODR
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The Board of Directors of Reganto Enterprises Ltd met on May 29, 2026 and considered a reclassification request from promoter entity M/s Vistara Network Private Limited, which sought to be reclassified from the 'Promoter' category to the 'Public' category under SEBI Regulation 31A. The Board rejected the request after finding that Vistara Network Private Limited does not meet the eligibility criteria. Specifically, the entity holds 15.61% of the total voting rights in the company, which exceeds the 10% threshold prescribed under Regulation 31A(3)(b)(i) for reclassification. Since this condition is not satisfied, the reclassification cannot be approved under current regulations.
The promoter entity Vistara Network Private Limited remains classified as a Promoter with 15.61% stake, meaning no change in shareholder categorization or voting power structure has occurred as a result of this rejected request.