Intimation under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015 Outcome of Board Meeting.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Times Green Energy (India) Ltd has informed BSE about the outcome of its board meeting held on January 3, 2025, which was missed for upload earlier and is now being filed. The board approved the reclassification of certain shareholders from the 'Promoter/Promoter Group' category to the 'Public Category'. The filing is a delayed disclosure being submitted on April 2, 2025. No specific shareholder names or percentage of shares being reclassified have been disclosed in this intimation.
Reclassifying shareholders from promoter to public reduces the effective promoter stake in the company, which may signal reduced promoter control or a strategic change in the ownership structure. Shareholders should look for the next filing with specific shareholding details to understand the actual change in promoter holding and its implications for control of the company.