India Shelter Finance Corporation Limited has received approval from stock exchanges to reclassify 16 members from its promoter and promoter group to the public category. The company secured no-objection letters from BSE Limited and National Stock Exchange of India Limited (NSE) on May 21, 2026. This regulatory approval follows the company's application submitted on February 10, 2026, seeking the change in shareholding classification under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reclassification Details

The approval encompasses 16 entities and individuals who were previously classified as promoters or part of the promoter group. Following the reclassification, these shareholders will be treated as public shareholders. The list includes individual promoters and several private limited companies associated with the Crossland group. The transition alters the shareholding structure of the company effective immediately upon receipt of the exchange approvals.

Shareholder Status

Among the individuals, Mr. Anil Mehta held a 1.44% shareholding as on March 31, 2026, prior to this reclassification. The other individuals and corporate entities listed in the reclassification application held NIL shareholding as of the same date. The exchanges have instructed the company to ensure compliance with all subsequent relevant disclosures regarding material events related to this reclassification.

Regulatory Compliance

The reclassification was executed in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary, Mukti Chaplot, confirmed the receipt of the approval letters from the exchanges.

India Shelter Finance Corporation Limited has announced that its officials will participate in a non-deal roadshow scheduled for May 26, 2026. The event is being organized by ICICI Securities and will be conducted as a physical one-on-one interaction in Mumbai. This initiative is part of the company's engagement with prospective investors.

The company stated that the discussions during the roadshow will be based on publicly available documents. An Investor Presentation has already been uploaded to the company’s website and was intimated to the stock exchanges on May 2, 2026.

The following table outlines the details of the scheduled event:

This disclosure has been made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that the date of the event is subject to change due to exigencies on the part of the company or the analysts and investors involved.