Sundram Fasteners Limited has informed the Exchange regarding 'Intimation under Regulation 30 Read with Regulations 31(A)(8) of the SEBI (Lisitng Obligations and Disclosure Requirements) Regulations, 2015-Receipt of requests for reclassificaton from the Promoter Group category'.
SUNDRMFAST · price
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Three entities previously classified as Promoter Group - Lakshminarayana Ancillaries Private Limited (LNL), Upasana Properties Private Limited (UPP), and Upasana Private Limited (UPL) - have requested reclassification to Public category. These entities were dissolved through mergers: LNL and UPP merged into UFL Properties Private Limited (effective October 16, 2025), while UPL merged into TVS Sundram Fasteners Private Limited (TPL) (effective March 27, 2026). On the effective dates, LNL held only 9,656 shares (0.00%), UPP held zero shares, and UPL held zero shares in the company. UFL now holds 1,09,830 shares (0.05%), while TPL holds 9,83,19,780 shares representing 46.79% of paid-up capital. The requests confirm none of these entities hold shares, exercise control, or have any special rights. The company will place these requests before the Board for approval under Regulation 31A.
The reclassification request is administrative in nature since the entities hold negligible or zero shares. If approved, it will slightly reduce the listed company's promoter group holding, which currently stands at 46.79% through TPL. This is a routine compliance matter with no immediate impact on stock price.