Reliance Communications Limited has formally submitted an application to stock exchanges seeking reclassification of Reliance Capital Limited from promoter category to public category under SEBI regulations. The move represents a significant corporate restructuring step for the telecommunications company currently under insolvency proceedings.

Regulatory Application Details

The company has approached both BSE Limited and National Stock Exchange of India seeking no-objection for reclassification of Reliance Capital Limited from 'Promoter/Promoter Group' category to 'Public' category. This application falls under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval and Compliance

The application submission follows approval granted by the Board of Directors at their meeting held on February 13th, 2026. This approval was accorded in accordance with Regulation 31A(3) of the SEBI LODR Regulations, ensuring compliance with prescribed regulatory procedures for such reclassification requests.

Corporate Status and Management

Reliance Communications Limited continues to operate under corporate insolvency resolution process pursuant to the Insolvency and Bankruptcy Code, 2016. The company's affairs, business and assets have been managed by Resolution Professional Mr. Anish Niranjan Nanavaty since June 28, 2019, following an order from the National Company Law Tribunal, Mumbai Bench dated June 21, 2019.

Stock Exchange Communication

The formal intimation was communicated to both major stock exchanges where the company is listed:

• BSE Limited: Scrip Code 532712
• National Stock Exchange: Symbol RCOM

The company has requested both exchanges to take the submitted information on record as part of the regulatory disclosure process. This reclassification application represents part of the ongoing corporate restructuring activities under the insolvency resolution framework.

Reliance Communications has informed stock exchanges about the scheduling of its 69th Committee of Creditors (CoC) meeting for February 18, 2026. The announcement was made through a regulatory filing dated February 17, 2026, addressed to both BSE Limited and National Stock Exchange of India Limited.

Meeting Details and Regulatory Compliance

The meeting notification was issued in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing specifically references sub-clause 16(g) of Clause A of Part A of Schedule III of the LODR regulations, which mandates disclosure of Committee of Creditors meetings.

Corporate Insolvency Status

Reliance Communications Limited continues to operate under the corporate insolvency resolution process pursuant to the Insolvency and Bankruptcy Code, 2016. The company has been under this process since June 28, 2019, when its affairs, business and assets came under the management of the Resolution Professional.

Company Information

The filing was signed by Company Secretary Rakesh Gupta on behalf of Reliance Communications Limited. The company's registered office is located at H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710, with CIN No. L45309MH2004PLC147531.

Under the current insolvency resolution framework, the powers of the board of directors are vested in the Resolution Professional, who manages the company's operations and decision-making processes. This 69th CoC meeting represents the ongoing efforts to resolve the company's insolvency proceedings that have been in progress for several years.