Suyog Telematics Limited has informed the Exchange regarding No-Objection letter received from BSE Limited and NSE for Reclassification of Mr. Somnath Lature from "Promoter Group" to "Public" category under Reg 31A of Listing Regulations
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Suyog Telematics Limited has received No-Objection letters from both BSE and NSE approving the reclassification of Mr. Somnath Gurushant Lature from the Promoter Group category to the Public category. The application was originally filed on February 7, 2026, and the exchanges granted approval on April 27, 2026. This reclassification under Regulation 31A of the Listing Regulations means Mr. Lature will no longer be considered part of the promoter group for shareholding calculations. The company must ensure compliance with subsequent material event disclosures related to this reclassification.
This reclassification reduces the promoter group holding in the company, which increases public shareholding. Shareholders should note that while this is an administrative change, it typically indicates the individual has either sold shares or is no longer associated with the promoter group.