Sundaram Clayton Limited has informed the Exchange regarding 'Intimation of approval received for re-classification of a Shareholder of the Company from Promoter category to Public category'.
SUNCLAY · price
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Sundaram-Clayton Limited has received approvals from both BSE and NSE to reclassify T.V. Sundram Iyengar & Sons Private Limited (TVSS) from the 'Promoter' category to the 'Public' category under SEBI's Regulation 31A. The reclassification process, which began with an application in May 2024, has now been formally approved by both exchanges. As per the Annexure, TVSS currently holds 0 shares (0.00%) in the company. The overall promoter holding remains unchanged at 59.09% (1,30,26,886 shares) and public holding at 40.91% (90,19,276 shares) both before and after the reclassification, indicating this is a regulatory cleanup rather than an actual change in ownership.
This is a procedural/regulatory update with no material impact on shareholding pattern or stock price, as TVSS already held zero shares before reclassification. Existing promoter group retains its 59.09% stake, so control and ownership structure of the company remain unaffected.