NewsStocksAiran Limited Secures Exchange Approval for Promoter Reclassification, Adjusting Shareholding StructureAiran Limited Secures Exchange Approval for Promoter Reclassification, Adjusting Shareholding Structure
Airan Limited, listed on BSE and NSE, has received approval to reclassify four promoter shareholders to the public category. This move shifts 165,000 shares (0.13% of equity) from promoter to public holding. Post-reclassification, promoter holding decreased from 72.34% to 72.21%, while public holding increased from 27.66% to 27.79%. The reclassification, approved by both exchanges on July 21, 2025, complies with SEBI regulations.
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Airan Limited , a company listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), has successfully obtained approval for the reclassification of four promoter shareholders to the public category. This strategic move has resulted in a slight shift in the company's shareholding structure, with implications for both promoter and public holdings.
Reclassification Details
The reclassification involves the following entities:
- Sudeepkumar V Agrawal HUF
- Sudeepkumar Vishwanath Agrawal
- Vandana Sudeepkumar Agrawal
- Kunchit Sudeepkumar Agrawal
As a result of this reclassification, a total of 1,65,000 shares, representing 0.13% of the company's equity, have been moved from the promoter category to the public category.
Impact on Shareholding Structure
The reclassification has led to the following changes in Airan Limited's shareholding pattern:
| Category | Pre-Reclassification | Post-Reclassification |
|---|---|---|
| Promoter Holding | 72.34% | 72.21% |
| Public Holding | 27.66% | 27.79% |
Regulatory Approval Process
Airan Limited initiated this process by submitting an application to both stock exchanges in October 2023. After careful consideration, the company received the necessary approvals from both exchanges:
- BSE Limited granted approval through letter LIST/COMP/AJ/337/2025-26 dated July 21, 2025.
- National Stock Exchange of India Limited (NSE) provided approval via letter NSE/LIST/342 dated July 21, 2025.
Compliance with SEBI Regulations
The reclassification was carried out in compliance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework governs the reclassification of promoters to public shareholders, ensuring transparency and fairness in the process.
Company's Disclosure
Airan Limited promptly informed the stock exchanges about the receipt of these approvals, adhering to the disclosure requirements under the SEBI LODR Regulations. The company's Company Secretary and Compliance Officer, Stuti Kinariwala, signed the intimation letter to the exchanges.
This reclassification marks a minor but noteworthy change in Airan Limited's shareholding structure, reflecting the company's commitment to regulatory compliance and transparency in its operations.
Historical Stock Returns for Airan
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.68% | -4.72% | -19.28% | -29.45% | -38.87% | +2.23% |
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