Suyog Telematics Limited has informed the Exchange regarding Notice of Postal Ballot
SUYOG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Suyog Telematics Limited has issued a postal ballot notice seeking shareholder approval to reclassify Mr. Somnath Lature from the Promoter/Promoter Group category to the Public category. Mr. Lature holds 44,044 equity shares representing 0.38% of the company's shareholding. The company received his request dated February 2, 2026, and the Board approved it on February 3, 2026. Both BSE Limited and National Stock Exchange of India Limited have provided No Objection Letters for this reclassification on April 27, 2026. Mr. Lature has confirmed he does not hold more than 10% voting rights, exercises no control over the company, and meets all other conditions under SEBI regulations. E-voting runs from May 22, 2026 to June 20, 2026.
This reclassification reduces the promoter group's shareholding by 0.38%, though the impact on stock price is likely minimal given the small percentage involved. It normalizes Mr. Lature's status as a public shareholder going forward.