Shanthi gears Limited has successfully obtained regulatory approvals from both major Indian stock exchanges for the reclassification of a promoter group entity. The company announced that it has received no-objection letters from the National Stock Exchange of India Limited and BSE Limited for reclassifying Algavista Greentech Private Limited from its promoter group under SEBI regulations.

Regulatory Approvals Received

Both exchanges granted their respective approvals on March 20, 2026, following the company's application process that began in January 2026. The approvals were issued under Regulation 31A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Application Timeline

Shanthi Gears Limited had submitted its application for the reclassification on January 23, 2026. This followed a series of earlier submissions made by the company on December 18, 2025, January 22, 2026, and January 23, 2026, indicating a structured approach to the reclassification process.

Entity Being Reclassified

The reclassification involves Algavista Greentech Private Limited, which was previously categorized as part of Shanthi Gears' promoter group. Both NSE and BSE have specifically mentioned this entity in their approval letters as the subject of the reclassification request.

Compliance Requirements

Both exchanges have emphasized the importance of ongoing compliance following the reclassification. NSE's approval letter, signed by Manager – Listing Compliance Apeksha Raichura, requires the company to ensure compliance with subsequent relevant disclosures of material events related to this reclassification.

Similarly, BSE's approval, signed by Deputy Vice President Jayshree Soni and Manager Harshad Naik, mandates adherence to applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015. The BSE letter also mentions that the approval may be forwarded to depositories, registrar and share transfer agents for necessary action.

Corporate Communication

The intimation was signed by Walter Vasanth P J, Company Secretary & Compliance Officer of Shanthi Gears Limited, and was digitally signed on March 20, 2026. The company has provided copies of both approval letters to stakeholders for information and records, ensuring transparency in the reclassification process.

Shanthi Gears Limited has announced a key leadership change with the resignation of its Chief Financial Officer. The company informed stock exchanges about the completion of this transition on March 19, 2026.

Leadership Transition Details

Mr. Ranjan Kumar Pati has resigned from his position as Chief Financial Officer and Key Managerial Personnel of Shanthi Gears Limited. The resignation became effective at the closing hours of March 19, 2026.

Regulatory Compliance

The company had previously intimated both stock exchanges about this leadership change on January 22, 2026. This advance notification demonstrates the company's commitment to maintaining transparency with regulatory authorities and stakeholders.

The formal communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with listing requirements under Regulation 30.

Official Communication

The announcement was signed by Walter Vasanth P J, Company Secretary & Compliance Officer of Shanthi Gears Limited. The communication was made through the respective electronic filing systems of both exchanges - NEAPS for NSE and BSE Listing Centre for BSE.

Shanthi Gears Limited, part of the Murugappa Group, operates from its registered office in Coimbatore and has been serving the industrial gears sector for over five decades.