The stock exchanges have approved the reclassification of Mr. Rajendra Lodha from the “Promoter and Promoter Group” category to the “Public” category. This decision, effective as of October 24, 2025, follows the company’s application and complies with regulatory requirements. The reclassification has been granted by both BSE Limited and the National Stock Exchange of India Limited.
Reclassification Approval
Mr. Rajendra Lodha’s reclassification from “Promoter and Promoter Group” to “Public” category has been officially approved by both the BSE Limited and the National Stock Exchange of India Limited. The approval was granted on October 24, 2025.
Background of the Reclassification
The company initially submitted the application for this reclassification, in accordance with regulatory guidelines, on September 15, 2025. The recent approval confirms the completion of this process.
Exchange Observations
While approving the reclassification, the exchanges noted some delays in compliance regarding initial disclosures. Specifically, there were delays related to disseminating the receipt of the reclassification request and the submission of the application to the exchanges. The company has been advised to ensure stricter adherence to disclosure timelines in the future to prevent similar issues.
Source: BSE
