Lokesh Machines Secures Exchange Approval for Promoter Reclassification
By ScanX News Team
Lokesh Machines Limited has obtained approval from NSE and BSE to reclassify Ms. Sudha Rani Ganne from 'Promoter Group' to 'Public' category. The approval was granted on July 24, 2025, and the company filed this information with the stock exchanges on July 25, 2025. The reclassification complies with SEBI Regulation 31A and is expected to alter the company's shareholding pattern.
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Lokesh Machines Limited, a prominent player in the machine tools industry, has successfully obtained approval from both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for a significant change in its shareholding structure. The company announced that Ms. Sudha Rani Ganne will be reclassified from the 'Promoter Group' category to the 'Public' category.
Approval Details
The approvals were granted through letters dated July 24, 2025, from both stock exchanges. This reclassification marks a notable shift in the company's ownership structure, as it moves a member of the promoter group to public shareholder status.
Regulatory Compliance
In a filing to the stock exchanges on July 25, 2025, Lokesh Machines Limited stated that the reclassification was pursued in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation governs the reclassification of promoter/promoter group entities.
Impact on Shareholding Structure
The reclassification of Ms. Sudha Rani Ganne from the promoter group to the public category is expected to alter the company's shareholding pattern. While the exact impact on the percentage of promoter holding versus public holding has not been disclosed, this move typically results in a decrease in promoter group shareholding and a corresponding increase in public shareholding.
Company's Statement
Gurprit Singh, Company Secretary & Compliance Officer of Lokesh Machines Limited, confirmed the development in the company's official communication to the stock exchanges. The company has requested that the stock exchanges take this information on record, in line with regulatory requirements.
About Lokesh Machines Limited
Lokesh Machines Limited, headquartered in Hyderabad, Telangana, is known for its operations in the machine tools sector. The company has multiple manufacturing units located in Balanagar, Bonthapally, Medchal, Toopran, and Ranjangaon-Pune.
This reclassification approval represents a significant corporate action for Lokesh Machines Limited and may be of interest to investors and market analysts tracking the company's ownership structure and governance practices.
Historical Stock Returns for Lokesh Machines
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.38% | -3.14% | +13.91% | -26.21% | -51.74% | +776.57% |
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