Intimation regarding submission of application under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with the stock exchanges is enclosed
SUNDRMFAST · price
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Sundram Fasteners Limited has submitted an application to BSE and NSE seeking no-objection for re-classifying three entities — Lakshminarayana Ancillaries Private Limited, Upasana Properties Private Limited, and Upasana Private Limited — from the 'Promoter Group' category to the 'Public' category. This is in terms of Regulation 31A of the SEBI Listing Regulations. The company had earlier communicated about this re-classification on April 22, 2026 and April 30, 2026. The application was submitted on May 5, 2026, and is now pending stock exchange approval. Re-classification removes these entities from the promoter group definition, which may alter the total promoter holding calculation going forward.
For shareholders, this re-classification means the three entities will no longer be considered part of the promoter/promoter group holding. This could reduce the company's disclosed promoter holding and increase the public shareholding percentage. The stock's promoter holding data in shareholding patterns will be updated accordingly after approval.