AFCONS Infrastructure has submitted an application to stock exchanges seeking approval for the reclassification of 30 entities previously part of the Promoter Group to the Public Shareholder category. This action complies with Regulation 31A requirements following a Board approval on February 10, 2026. The filing covers a comprehensive list of holding and development companies whose status is shifting from ‘Promoter Group Shareholder’ to ‘Public Shareholder’.
Application Filed for Shareholder Reclassification
AFCONS Infrastructure Limited announced on February 12, 2026, that it has officially filed an application with the BSE Limited and the National Stock Exchange of India Limited (NSE) concerning the reclassification of several shareholder entities. This step is taken in compliance with Regulation 31A of the SEBI Listing Regulations.
The move seeks to change the status of persons forming part of the Promoter Group from the ‘Promoter Group Shareholder’ category to the ‘Public Shareholder’ category.
Board Approval and Rationale
This filing follows an initial intimation on February 04, 2026, confirming the receipt of a reclassification request from the concerned parties on February 03, 2026. Subsequently, the company’s Board of Directors, in their meeting held on February 10, 2026, formally approved the proposed reclassification.
Entities Subject to Reclassification
The application covers 30 specific entities that were previously classified as part of the Promoter Group. The announcement notes that for all these entities, the current number of shares held and the resulting percentage ownership are officially marked as ‘Nil’ in the context of their status within the Promoter Group, reinforcing the move to the Public Category.
The list of companies involved includes, but is not limited to, entities such as Archaic Properties Private Limited, Awesome Properties Private Limited, Shapoorji Pallonji Housing Infra Private Limited (formerly Dhan Gaming Solution (India) Private Limited), and various development and farm companies like Flamboyant Developers Private Limited and Manor Stud Farm Private Limited.
Compliance Formalities
The company confirms that the formal application seeking approval for this structural change was submitted to both stock exchanges on February 11, 2026. The filing is intended to finalize the segregation of these entities into the ‘Public Shareholder’ category as per the regulatory framework.
The document was duly authorized and signed by Gaurang Parekh, Company Secretary and Compliance Officer, on behalf of Afcons Infrastructure Limited.
Source: BSE
