Sanathnagar Enterprises Limited announced on August 13, 2026, that the Bombay Stock Exchange (BSE) has approved the reclassification of its promoter group members to the public shareholder category. The approval follows an application submitted by the company on July 15, 2026, pursuant to Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The BSE granted its no-objection via a letter dated August 12, 2026. The reclassification applies to the following entities previously classified as "Promoter and Promoter Group":

These entities will now be categorized as "Public" shareholders. The company stated that it has requested the exchange to update its records accordingly. The information is also available on the company’s website.

Regulatory Compliance

The reclassification is subject to continued compliance with relevant disclosure requirements for material events under Regulation 31A of the SEBI (LODR) Regulations, 2015. The company’s Compliance Officer, Abhijeet Vijay Shinde, confirmed the intimation to the stock exchange.

Sanathnagar Enterprises Limited has applied to BSE Limited to reclassify certain promoters holding 2.28% of the paid-up equity share capital to the public category. The application, submitted on July 15, 2026, follows the Board's approval on July 14, 2026, under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification involves N.P.S. Shinh, Manita Shinh, and Continuous Forms (Calcutta) Limited, collectively referred to as the Outgoing Promoters, and is subject to shareholder approval via an ordinary resolution.

The Board reviewed applications from the Outgoing Promoters, who confirmed they meet the conditions specified in Regulation 31A (3)(b). These include not holding more than 10% of the total voting rights, not exercising control over the company’s affairs, and not holding special rights or privileges. The applicants also confirmed they are not wilful defaulters or fugitive economic offenders and have no pending regulatory action against them.

Shareholding Details

The reclassification affects a total of 72,090 equity shares. The specific holdings of the Outgoing Promoters are detailed below:

The Board noted that the Outgoing Promoters have not been involved in the management or held executive positions in the company since 2010. The company confirmed that it is compliant with the minimum public shareholding requirements under Regulation 38 of the Listing Regulations. Additionally, the company stated that its share trading has not been suspended and there are no outstanding dues to SEBI, stock exchanges, or depositories.

Conditions for Reclassification

The Outgoing Promoters have agreed to comply with the conditions of Regulation 31A (3)(b) indefinitely regarding voting rights, control, and special rights. They must also refrain from being represented on the Board or acting as Key Managerial Personnel for a minimum period of three years from the date of reclassification. Failure to comply with these conditions will result in their automatic reclassification as promoters or members of the promoter group.