Reliance Power has received an application for the reclassification of Reliance Capital Limited to a public category. This follows IndusInd International Holdings Limited’s implementation of its resolution plan under the Insolvency and Bankruptcy Code. The Board of Directors has reviewed the application and considers it compliant with applicable regulations. The company has filed applications with the BSE and NSE, seeking their approval. The original announcement was made on August 23, 2025.
Reclassification Request Overview
An application has been received concerning the reclassification of Reliance Capital Limited to a public category. This application has been submitted under the provisions of the relevant regulations following the resolution plan implemented by IndusInd International Holdings Limited.
Board Review and Compliance
The Board of Directors of Reliance Power has reviewed the reclassification application. During a meeting held on October 10, 2025, the Board determined that the application adheres to all applicable regulations and is in compliance with the governing guidelines.
Next Steps
Reliance Power has formally submitted applications to both the BSE and NSE seeking their approval for the reclassification. The company awaits the exchanges’ feedback and is proceeding with the necessary steps for completion. Further updates will be provided as the process advances.
Source: BSE
