Shivalik Bimetal Controls Limited has informed the Exchange regarding 'Intimation Of Receipt Of No-Objection Letter For Reclassification From ''Promoter'' Category To ''Public'' Category Shareholder In Accordance With Regulation 31A Of SEBI (LODR)'.
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Shivalik Bimetal Controls has received No-Objection Certificates from both NSE and BSE dated September 29, 2025, approving the reclassification of 11 entities (6 individuals and 5 corporate bodies) from the 'Promoter and Promoter Group' category to the 'Public' category under Regulation 31A of SEBI (LODR) Regulations, 2015. Notably, all 11 entities being reclassified currently hold 0 equity shares in the company. The original application for reclassification was submitted on August 14, 2025. The reclassification is now formally approved by both stock exchanges, and the company is required to ensure compliance with subsequent disclosure requirements related to this change.
This is a procedural/formal approval completing a reclassification process. Since the affected entities already hold zero shares, there is no change in actual ownership or shareholding pattern — only a change in their classification category. No material impact on stock price or existing shareholders is expected.