Tube Investments of India has requested the re-classification of Algavista Greentech Private Limited from the ‘Outgoing Member of Promoter Group’ to the ‘Public Shareholder’ category. The company submitted the applications seeking a “no-objection” from the stock exchanges on February 5, 2026. This follows earlier intimations regarding the Board’s approval for this re-classification.
Re-classification Intimation
Tube Investments of India has formally submitted applications to the stock exchanges seeking a “no-objection” for the re-classification of a shareholder entity. The application, filed on February 5, 2026, pertains to Algavista Greentech Private Limited.
Shareholder Category Change
The re-classification request concerns changing Algavista Greentech Private Limited’s designation from “Outgoing Member of Promoter Group” to the “Public Shareholder” category. This announcement follows previous communications to the exchanges, specifically letters dated December 18, 2025 and February 4, 2026, regarding the Board’s approval for this re-classification. The company is awaiting the necessary approvals from the stock exchanges.
Source: BSE
