LTM Ltd gets exchange nod to reclassify Nabha Power as public entity
- LTM Ltd received no-objection letters from NSE and BSE on September 4, 2026
- Nabha Power Limited will be reclassified from promoter group to public category
- The move complies with Regulation 31A of SEBI Listing Regulations, 2015
- Previous intimations were filed on June 27, 2026, and July 15, 2026
*this image is generated using AI for illustrative purposes only.
LTM Limited received no-objection letters from the National Stock Exchange of India Limited and BSE Limited on September 4, 2026. The approvals allow the reclassification of Nabha Power Limited from the promoter group to the public category.
The disclosure was made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. LTM Limited had previously intimated the exchanges about the application on June 27, 2026, and July 15, 2026.
Regulatory Approval Details
The stock exchanges granted the no-objection based on the submissions made by the listed entity. The reclassification applies specifically to Nabha Power Limited.
| Entity | Previous Category | New Category |
|---|---|---|
| Nabha Power Limited | Promoter Group | Public |
The company is required to ensure compliance with subsequent relevant disclosures of material events related to this reclassification. This must be done in accordance with the applicable provisions of Regulation 31A of the SEBI Listing Regulations.
Corporate Governance
Angna Anish Arora, Company Secretary and Compliance Officer at LTM Limited, signed the disclosure letter dated September 4, 2026. The company’s registered office is located in Mumbai.
The National Stock Exchange’s Senior Manager – Listing Compliance, Ajit Mahadik, issued the no-objection letter for the NSE. For BSE Limited, Jayshree Soni, Deputy Vice President – Listing Compliance, and Sayli Jadhav, Deputy Manager – Listing Compliance, signed the approval.
Historical Stock Returns for LTM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.13% | +2.02% | -2.90% | +3.40% | -12.27% | -16.61% |
How might the reclassification of Nabha Power Limited from the promoter group to the public category impact LTM Limited's promoter holding percentage and overall shareholding pattern?
What are the potential implications for LTM Limited's corporate governance structure and decision-making autonomy regarding Nabha Power Limited following this regulatory approval?
Could this reclassification trigger any immediate changes in LTM Limited's credit ratings or borrowing covenants due to the shift in subsidiary classification?
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