Burnpur Cement Limited Applies for Promoter Reclassification to Public Category
Burnpur Cement Limited has submitted an application to NSE on January 27, 2026, for reclassification of two promoters - Shehul Sandip Parikh and Rakhi Parikh - from promoter category to public category under SEBI regulations. Both promoters currently hold zero equity shares (0% shareholding) in the company. The company acknowledged a delay in submission due to technical filing issues but confirmed the delay was inadvertent with no intention to defer regulatory compliance.
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Burnpur Cement Limited has formally submitted an application to the National Stock Exchange of India Limited for the reclassification of two promoters from the 'promoter/promoter group' category to 'public' category under regulatory compliance requirements. The application was filed on January 27, 2026, in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Promoters Seeking Reclassification
The reclassification application covers two individuals currently classified as promoters who hold no equity stake in the company:
| Name | Current Category | Shareholding (Shares) | Shareholding (%) |
|---|---|---|---|
| Shehul Sandip Parikh | Promoter | NIL | 0% |
| Rakhi Parikh | Promoter | NIL | 0% |
Both promoters currently hold zero equity shares in Burnpur Cement Limited, representing 0% shareholding in the company. The reclassification seeks to move them from the promoter category to public category status.
Regulatory Compliance and Timeline
The company has made this intimation in compliance with Regulation 31A (8) of the SEBI (LODR) Regulation, 2015. This follows previous communications dated November 20, 2025, and January 19, 2026, indicating an ongoing process for the reclassification.
The application represents part of the company's efforts to align its shareholding structure with current ownership patterns, particularly given that the promoters in question hold no equity stake in the organization.
Submission Delay Explanation
Burnpur Cement Limited acknowledged a delay in the submission of the application under Regulation 31A (3) of the SEBI (LODR) Regulations, 2015. The company attributed this delay to technical issues encountered during the filing process and confirmed that the application was submitted at the earliest possible opportunity.
The company emphasized that the delay was inadvertent and stated there was no intention to defer compliance with the provisions of the SEBI (LODR) Regulations, 2015. This clarification demonstrates the company's commitment to maintaining regulatory compliance despite operational challenges.
Next Steps
The company is now awaiting the stock exchange's response to the reclassification application. The National Stock Exchange of India Limited will review the application and provide its no-objection certificate if the reclassification meets all regulatory requirements and criteria established under the SEBI regulations.
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