NewsReliance Chemotex Industries Receives Stock Exchange Approval for Promoter ReclassificationReliance Chemotex Industries Receives Stock Exchange Approval for Promoter Reclassification
Reliance Chemotex Industries Limited has received approval from NSE and BSE on March 04, 2026, for reclassifying Mr. Nand Gopal Khaitan from promoter to public category under SEBI Regulation 31A. The reclassification involves 100 shares representing 0.00% shareholding and follows the company's application submitted on November 18, 2025.
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Reliance chemotex Industries Limited has successfully obtained regulatory approval for the reclassification of a promoter shareholder from both major Indian stock exchanges. The company announced that it has received formal approval from the National Stock Exchange of India Ltd. and BSE Limited for reclassifying Mr. Nand Gopal Khaitan from the "Promoter" category to "Public" category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Regulatory Approval Details
The approval was granted on March 04, 2026, through official communications from both exchanges. NSE issued its no-objection letter numbered NSE/LIST/COMP/RELCHMO/544/2025-2026, while BSE provided approval through letter number LIST/COMP/HG/727/2025-26. This regulatory clearance comes following the company's initial application submitted on November 18, 2025.
Reclassification Specifics
The reclassification involves a minimal shareholding transition, as detailed in the company's disclosure:
| Parameter | Details |
|---|---|
| Promoter Name | Mr. Nand Gopal Khaitan |
| Previous Category | Promoter |
| New Category | Public |
| Shares Held | 100 |
| Shareholding Percentage | 0.00% |
Exchange Communications
Both NSE and BSE have issued formal no-objection letters confirming their approval for the reclassification request. NSE's approval was communicated by Apeksha Raichura, Manager – Listing Compliance, while BSE's approval was signed by Shyam Bhagirath, Manager, and Harsh Gohil from Listing Compliance. The exchanges have emphasized that the company must ensure compliance with subsequent relevant disclosures of material events related to this reclassification.
Regulatory Framework
The reclassification process is governed by Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides the framework for promoters to seek reclassification from promoter category to public category under specific circumstances. The approval from both exchanges ensures that the reclassification meets all regulatory requirements and compliance standards.
Corporate Communication
The announcement was made by Chandrasekaran Rajagopalan, who serves as CFO cum Company Secretary and Compliance Officer for Reliance Chemotex Industries Limited. The company has indicated that the approval letters from both stock exchanges are available on the company's website at reliancechemotex.com for stakeholder reference and transparency.
Historical Stock Returns for Reliance Chemotex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.16% | -4.15% | -11.04% | -30.13% | -31.26% | -52.06% |
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