Shree Cement Limited’s Board of Directors has approved a request from Ms. Riya Puja Jain to reclassify her 2050 equity shares, representing 0.0057% of the company’s total shares, from the ‘Promoter Group’ to the ‘Public’ category. This reclassification is subject to approvals from stock exchanges, shareholders, and other regulatory bodies. The company will now initiate the process for obtaining necessary ‘No Objection Certificates’.
Board Approves Share Reclassification
In a significant governance update, the Board of Directors of Shree Cement Limited, during its meeting held on October 23, 2026, has considered and approved a reclassification request. The request was submitted by Ms. Riya Puja Jain, who holds 2050 equity shares in the company. These shares constitute 0.0057% of the total issued shares.
Reclassification to Public Category
The approved reclassification will move Ms. Jain’s shareholding from the ‘Promoter Group’ category to the ‘Public’ category. This decision is contingent upon receiving necessary approvals from the relevant stock exchanges, shareholders, and any other statutory or regulatory authorities as may be required. The company will proceed with filing applications with the National Stock Exchange of India Ltd. and BSE Ltd. to obtain a No Objection Certificate.
Next Steps
Following the approval from regulatory bodies, Shree Cement Limited will undertake further actions and disclosures in accordance with applicable regulatory requirements. The company has formally recorded this decision and will keep stakeholders informed of subsequent developments in this matter.
Source: BSE
