Laser Power & Infra CS resigns; two entities exit promoter group
- Debendra Banthiya resigned as Company Secretary and Compliance Officer effective October 5, 2026
- Resignation cited personal reasons and external career opportunities
- Chaitak Sales Private Limited and Daimler Industries Private Limited reclassified to Public Shareholder category
- Both reclassified entities hold zero shares in the company
*this image is generated using AI for illustrative purposes only.
Laser Power & Infra Limited has accepted the resignation of Debendra Banthiya as its Company Secretary and Compliance Officer, effective from the close of business hours on October 5, 2026. The decision was taken during a board meeting held on September 23, 2026.
In the same meeting, the Board approved the reclassification of two entities currently classified as part of the Promoter Group to the 'Public Shareholder' category. This action was taken pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Resignation Details
Banthiya tendered his resignation on August 25, 2026, citing personal reasons and a desire to pursue career opportunities outside the company. He requested to be relieved on or before September 24, 2026. The Board noted and accepted this resignation with an effective date of October 5, 2026.
The company disclosed that Banthiya will complete necessary statutory filings in accordance with the Companies Act and SEBI Listing Regulations before his departure.
Promoter Group Reclassification
The Board approved requests received on September 21, 2026, from Chaitak Sales Private Limited and Daimler Industries Private Limited to move from the Promoter Group to the Public Shareholder category. The Board recorded that conditions under Regulation 31A were met, subject to stock exchange approval.
| Entity Name | Shares Held | % of Shareholding |
|---|---|---|
| Chaitak Sales Private Limited | 0 | 0.00% |
| Daimler Industries Private Limited | 0 | 0.00% |
Governance and Compliance
The outgoing members of the Promoter Group undertook compliance with conditions specified in Regulation 31A(3)(b) and Regulation 31A(4) of the SEBI Listing Regulations. The board meeting commenced at 1:45 pm and concluded at 2:45 pm. Information regarding these developments is available on the company's website.
Historical Stock Returns for Laser Power & Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.07% | +1.96% | -9.50% | +25.02% | +25.02% | +25.02% |
Who has been appointed as the interim or permanent successor to Debendra Banthiya, and what is their background in corporate compliance?
How will the reclassification of Chaitak Sales and Daimler Industries impact Laser Power & Infra's public shareholding pattern and liquidity metrics?
What specific strategic or operational reasons prompted these entities to exit the Promoter Group despite holding zero shares?
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