Shivalik Bimetal Controls Limited has informed the Exchange about approval of board to file application to obtain NOC w.r.t Request received for Reclassification under Reg 31A of SEBI (LODR), 2015
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Shivalik Bimetal Controls Limited's Board, at its meeting on August 13, 2025, approved filing an application with BSE and NSE to obtain a No Objection Certificate for reclassifying 11 promoter group entities — 6 individuals and 5 body corporates — from the 'Promoter and Promoter Group' category to the 'Public' category. The reclassification request was originally received via a letter dated July 11, 2025. Notably, all 11 entities currently hold zero equity shares in the company. The move is subject to approvals from the stock exchanges and other necessary regulatory clearances under SEBI LODR Regulations.
Since all reclassified entities already hold zero shares, there is no immediate change in actual shareholding or stock price. However, it formally cleans up the promoter group list, simplifying the company's promoter/public classification for governance purposes.