Greenpanel Industries Limited has submitted an application to the National Stock Exchange (NSE) and BSE Ltd. for the reclassification of certain members of its Promoter Group to the Public Shareholder Category. This move aligns with SEBI LODR Regulations, aiming to adjust the company’s ownership structure. The application, dated August 11, 2026, follows earlier intimations and seeks approval for this significant change in shareholding classification.
Greenpanel Industries Seeks Shareholder Reclassification
Greenpanel Industries Limited has formally applied to the stock exchanges for the reclassification of several members from the Promoter Group Category to the Public Shareholder Category. This application, submitted on August 11, 2026, is made in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.
Details of Reclassification
The company’s board has approved this application, which seeks approval from both the National Stock Exchange of India Limited (NSE) and BSE Ltd. (BSE). The list of outgoing members from the Promoter Group seeking reclassification includes individuals and entities such as Rajesh Mittal, Karuna Mittal, Sanidhya Mittal, Rajesh Mittal & Sons HUF, RS Homcon Limited, Shakuntala Safeinvest Pvt. Ltd., and RKS Family Foundation. The application notes that these members currently hold 0.00% shareholding post-reclassification.
This strategic move by Greenpanel Industries is intended to restructure its shareholding pattern and is a significant step in its corporate governance evolution.
Source: BSE
