SRF Limited has informed the Exchange regarding 'Intimation under regulation 31A of the Securities and Exchange Board of India(Listing obligations and disclosure requirements) Regulations, 2015'.
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SRF Limited's Board, at its meeting on July 23, 2025, approved the reclassification of SMK Wellness Private Limited (formerly SMK Wellness LLP) from the 'Promoter Group' category to 'Public Shareholder' under SEBI Regulation 31A. SMK was originally classified as part of the promoter group because Rose Farms (Delhi) LLP, a promoter group entity, had contributed 50% of the partner's capital on December 19, 2024. However, Rose Farms (Delhi) LLP subsequently sold its entire stake in SMK on March 21, 2025, severing the promoter group connection. The reclassification is subject to approval from BSE and NSE. Importantly, SMK and related parties together hold less than 1% of the company's voting rights, so no shareholder approval is required.
This is largely a housekeeping reclassification with negligible impact on the shareholding structure, as SMK holds less than 1% of voting rights. It does not signal any change in promoter control or strategic direction of SRF Limited, and is unlikely to materially affect the stock price.