Tube Investments of India has received a request for reclassification from M/s. Algavista Greentech Private Limited, a member of the promoter group. The company is seeking to move from the ‘promoter group’ category to the ‘public’ category of shareholders. As of December 18, 2025, M/s. Algavista Greentech Private Limited holds Nil paid-up equity shares and has Nil percentage of shareholding in the company. The re-classification is subject to board approval.
Promoter Reclassification
Tube Investments of India announced on December 18, 2025, that it has received a request from M/s. Algavista Greentech Private Limited to be reclassified from the ‘promoter group’ to the ‘public’ category of shareholders.
Shareholding Details
As of the date of the request, M/s. Algavista Greentech Private Limited holds Nil paid-up equity shares, representing a Nil percentage of shareholding in the company.
Approval Requirements
The proposed re-classification is contingent upon obtaining the approval of the Board of Directors and a No-Objection Letter from the National Stock Exchange of India Limited & BSE Limited.
Source: BSE