Promoter Reclassifcation - NOC from NSE
SHILPAMED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shilpa Medicare has received NSE's no-objection letter (dated September 26, 2025) approving the reclassification of Mr. Suraj Kumar Inani (39,20,695 shares, 4.01%) and Ms. Priya Inani (80,696 shares, 0.08%) from the 'Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. In total, 40,01,391 shares representing 4.09% of shareholding will move out of the promoter group. The application was originally submitted on August 13, 2025. Post-reclassification, these shareholders will be treated as public shareholders for all regulatory purposes.
The promoter group's effective shareholding in Shilpa Medicare will reduce by approximately 4.09% following this reclassification, though no shares are actually being sold. This may slightly dilute the promoter's voting influence and marginally increase the public float, but is unlikely to materially affect the stock price as no new shares enter the market.