Thinking Hats Entertainment Solutions has submitted an application to the National Stock Exchange of India Limited to reclassify its Promoters and Promoters’ Group into the Public category. The filing, made on May 27, 2026, follows a formal request from the Outgoing Promoter and Promoter Group and subsequent approval by the Board of Directors a day prior. The reclassification is being executed under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved the reclassification proposal on May 26, 2026, as previously intimated to the exchange. The application seeks to change the status of the shareholders from the ‘Promoter and Promoters’ Group’ category to the ‘Public’ category. This transition alters the shareholding structure of the company, moving significant ownership from promoter control to the public domain.

Regulatory Compliance

The process adheres to Regulation 31A(8) of the SEBI Listing Regulations. The company had initially informed the exchange about the receipt of the request letter from the promoters on April 1, 2026. The final submission to the National Stock Exchange of India Limited was completed on May 27, 2026, formalizing the intent to reclassify the designated shareholders.

Key Timeline

Thinking Hats Entertainment Solutions Limited has confirmed that its promoters and promoter group have not created any encumbrance on the company's shares during the financial year ended March 31, 2026. This disclosure ensures that the shares held by the promoters remain free from any security interest or charge, providing clarity to shareholders regarding the ownership status during the specified period.

The declaration was submitted to the National Stock Exchange of India Limited on April 6, 2026, by Rajesh Bhardwaj on behalf of the members of the Promoters and Promoter Group & Persons Acting in Concert. The filing was made in compliance with Regulation 31(4) and (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Key Disclosure Details

The following table summarizes the key details of the regulatory filing:

The confirmation covers both direct and indirect encumbrances on the shares of the company. The disclosure is a mandatory requirement under the takeover regulations to ensure transparency regarding the holding patterns of promoters.