The Board of Directors of the Company at its meeting held Today i.e., on September 19, 2025 have inter alia approved the following: 1. Taken note of the No-Objection Certificate received ....
Awaiting price reaction for this filing.
The Board of Directors met on September 19, 2025 and noted BSE's No-Objection Certificate for the reclassification of Electronics Corporation of Tamil Nadu Ltd (ELCOT) from the 'Promoter/Other Promoter' category to the 'Public' category. The Board also acknowledged a Warning Letter from BSE for non-filing of corporate announcements related to the reclassification application. An Extraordinary General Meeting (EGM) has been scheduled for October 27, 2025 to seek shareholder approval for the reclassification under SEBI Regulation 31A. A scrutinizer (M/s. Lakshmmi Subramanian & Associates) and CDSL have been appointed for the e-voting process.
If approved at the EGM, ELCOT's shares will move out of the promoter group and into the public shareholding category, which will reduce the officially recognized promoter holding in the company. The Warning Letter for non-filing is a minor compliance flag but not a penalty. Shareholders should watch the EGM outcome on October 27 for confirmation.