News Orders & Deals Premium Capital Market Files BSE Application for Promoter Reclassification Post Open OfferPremium Capital Market Files BSE Application for Promoter Reclassification Post Open Offer
Premium Capital Market and Investment Limited formally submitted an application to BSE for promoter reclassification under SEBI regulations following the successful completion of Suman Nandi's open offer. The reclassification involves 81 individuals moving from promoter/promoter group to public category, with the company confirming full regulatory compliance and maintaining active trading status.
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Premium Capital Market and Investment Limited has formally filed an application with BSE Limited for the reclassification of promoters and promoter group members to public category following the successful completion of an open offer by acquirer Suman Nandi. The application was submitted on March 03, 2026, under Regulation 31A(10) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Open Offer Details and Timeline
The open offer process was conducted by Mr. Suman Nandi as the acquirer under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer period ran from January 16, 2026 to January 30, 2026, with control transfer occurring on March 03, 2026.
| Parameter | Details |
|---|---|
| Target Company: | Premium Capital Market and Investments Limited |
| Acquirer: | Mr. Suman Nandi |
| Open Offer Period: | January 16, 2026 - January 30, 2026 |
| Control Transfer Date: | March 03, 2026 |
| Security Code: | 511660 (BSE) |
Comprehensive Promoter Reclassification
The reclassification encompasses 81 individuals across promoter and promoter group categories. The restructuring includes two former promoters and 79 promoter group members with varying shareholdings:
| Category | Count | Key Details |
|---|---|---|
| Former Promoters: | 2 | Dr. Sushma Bandi, Sudarshan Kumar Bandi (0 shares each) |
| Promoter Group Members: | 79 | Holdings ranging from 0.58% to 0.00% |
| Total Reclassified: | 81 | All moved to public category |
Significant Shareholdings in Reclassification
Among the promoter group members being reclassified, several individuals hold notable shareholdings:
| Name | Shares Held | Percentage Holding |
|---|---|---|
| Prem Neema: | 38,300 | 0.58% |
| Kanhaiyalal Bandi: | 10,000 | 0.15% |
| Smt. Sagarbai Bandi: | 7,000 | 0.11% |
| Shri Shantilal Ji Bandi: | 6,800 | 0.10% |
Multiple promoter group members hold 5,000 shares each (0.08% holding), including Sujata Pravin Chuttar, Shri Ajay Jormal Mehta, Dr. Neela Waghmare, and Dr. Arun Waghmare.
Regulatory Compliance and Corporate Governance
Premium Capital Market confirmed that the reclassification request complies with conditions specified under Regulation 31A of SEBI (LODR) Regulations, 2015. The reclassified promoters collectively hold less than ten percent of total voting rights and do not exercise direct or indirect control over company affairs.
The company maintains compliance with minimum public shareholding norms under Regulation 38 of SEBI listing regulations. Additionally, the company's equity shares remain actively traded without any trading suspensions, and no outstanding dues exist with SEBI, stock exchanges, or depositories.
Following the open offer completion, Suman Nandi is now classified as the promoter of Premium Capital Market and Investment Limited, marking a significant change in the company's ownership structure and governance framework. The formal BSE application represents the final regulatory step in completing this ownership transition.
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