Times Guaranty Limited has informed the Exchange regarding 'Intimation of approval received from Stock Exchange on application for reclassification from "Promoter Category" and "Promoter Group Category" to "Public Category" under Regulation 30 and Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.'.
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Times Guaranty Limited has received approval from both BSE and NSE to reclassify Bennett, Coleman & Company Limited (BCCL) from the 'Promoter' category to the 'Public' category under SEBI's Listing Regulations. The application was originally filed on December 12, 2024, and approved by both exchanges on April 30, 2025. Notably, BCCL currently holds 0 shares (0% shareholding) in the company, meaning this is a formal categorization change with no actual change in shareholding numbers. Post-reclassification, promoter holding remains at 67,37,423 shares (74.92%) and public holding at 22,55,726 shares (25.08%) — identical to pre-reclassification figures. The remaining promoter entity continues to hold a controlling 74.92% stake in the company.
This is a procedural/housekeeping reclassification with no material impact on shareholding structure or stock price, as BCCL already held zero shares. The controlling promoter remains unchanged at 74.92%, so minority shareholders see no change in ownership dynamics.