Shivalik Bimetal Controls Limited has informed the Exchange about General Updates - Disclosure under Reg 31A of SEBI (LODR) Regulations, 2015 - Promoter Reclassification
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Awaiting price reaction for this filing.
Shivalik Bimetal Controls has filed an application with BSE and NSE to reclassify 11 promoter group entities (6 individuals and 5 body corporates) into the 'Public' shareholder category. All 11 entities seeking reclassification already hold zero equity shares in the company. The reclassification request was initiated by the entities themselves via letters dated July 11, 2025, and the formal application was filed on August 14, 2025. The individuals include members of the Sandhu family, and the body corporates include Amar Engineering, Angad Estates, TSL Holdings, Ultra Portfolio Management, and B S Sandhu and Associates. This appears to be a housekeeping/categorisation exercise since none of these entities currently hold any shares in the company.
This is a procedural filing with no material impact on shareholding or stock price, since all 11 entities seeking reclassification already hold zero equity shares. It will simply clean up the company's shareholding pattern disclosure by moving empty promoter group entries to the public category.