Reliance Infrastructure Limited’s Board of Directors has reviewed and approved applications seeking re-classification of status from promoter group to public. This follows the implementation of a Resolution Plan by Sagacious Capital Private Limited, in line with the Insolvency and Bankruptcy Code, 2016. The Board confirmed that the applications comply with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Board Resolution on Re-classification
Reliance Infrastructure Limited announced today, November 13, 2026, that its Board of Directors has thoroughly reviewed and analyzed applications submitted for re-classification. These applications are from Reliance Innoventures Private Limited (RIPL) and its subsidiary, Reliance Project Ventures and Management Private Limited. The companies are seeking to change their status from the promoter group of Reliance Infrastructure Limited to that of public shareholders.
Basis for Re-classification
This proposed re-classification is a consequence of the implementation of the Resolution Plan of RIPL by Sagacious Capital Private Limited. This action is being undertaken in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016. The Board was satisfied that these applications are in compliance with the requirements stipulated under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, also known as the Listing Regulations.
Forward Path
The Board of Directors resolved that the applications should proceed with the necessary steps. This will be done in strict adherence to the provisions outlined in the Listing Regulations and all other applicable laws. The company has requested that this development be taken on record.
Source: BSE
