Ventive Hospitality Limited has submitted applications to the BSE Limited and the National Stock Exchange of India for the reclassification of certain Promoter Group Entities. These entities are seeking to move from the ‘Promoter/Promoter Group’ category to the ‘Public’ category, following an earlier intimation on May 12, 2026, and board approval. This move is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Reclassification of Promoter Group Entities
Ventive Hospitality Limited has officially initiated the process to reclassify specific entities within its Promoter Group. The company has submitted applications to both the BSE Limited and the National Stock Exchange of India seeking approval for this significant change in ownership structure. The reclassification aims to move these entities from the ‘Promoter/Promoter Group’ category to the ‘Public’ category.
Regulatory Compliance and Approvals
This reclassification is being undertaken under Regulation 31A(8)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously intimated on May 12, 2026, that it had received requests from Promoter Group members for such reclassification. Subsequently, the Board of Directors, in their meeting held on the same date, May 12, 2026, had approved this reclassification of Promoter Group Entities to the ‘Public’ category. The application to the stock exchanges was submitted on May 16, 2026, seeking their no-objection or approval.
Ventive Hospitality requests that this information be taken on record by the exchanges.
Source: BSE
