Shivalik Bimetal Controls Secures Exchange Approval for Promoter Group Reclassification

Shivalik Bimetal Controls Limited (SBCL) has received a significant regulatory green light for the reclassification of several individuals and entities from its Promoter and Promoter Group category to the Public category. The company announced that both the National Stock Exchange of India Limited (NSE) and BSE Limited have issued no-objection certificates on September 29, 2025, approving the reclassification request.

Reclassification Details

The reclassification involves a total of eleven entities, comprising six individuals and five corporate bodies:

Individuals:

Satinder Jeet Singh Sandhu
Sarita Sandhu
Angad Sandhu
Devinder Jeet Singh Sandhu
Manjit Kaur
Gurbir Sandhu

Corporate Entities:

Amar Engineering Company Pvt. Ltd.
Angad Estates Pvt. Ltd.
TSL Holdings Pvt. Ltd.
Ultra Portfolio Management Pvt. Ltd.
B S Sandhu and Associates Pvt. Ltd.

Shareholding Status

Notably, all the entities seeking reclassification currently hold zero equity shares in Shivalik Bimetal Controls Limited. This zero shareholding status was a crucial factor in the approval process.

Regulatory Compliance

The reclassification has been processed under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. SBCL had initially submitted the application for reclassification on August 14, 2025, demonstrating the company's proactive approach to corporate governance and regulatory compliance.

Exchange Approvals

The no-objection certificates from both NSE and BSE, dated September 29, 2025, mark a significant milestone in SBCL's corporate structure realignment. These approvals pave the way for the formal reclassification of the mentioned entities from the Promoter and Promoter Group category to the Public category.

Implications

This reclassification is expected to streamline SBCL's shareholding structure and potentially impact future disclosures and regulatory filings. The company will need to ensure compliance with subsequent relevant disclosures of material events related to this reclassification, as mandated by SEBI regulations.

Shivalik Bimetal Controls Limited's move to reclassify these entities reflects ongoing changes in its ownership structure and aligns with regulatory requirements for transparent corporate governance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.83%	-5.47%	-12.76%	+8.17%	-30.53%	+493.25%

Shivalik Bimetal Controls , a leading manufacturer of bimetal products, has reported strong financial results for the first half of the fiscal year, along with potential expansion plans through a strategic partnership.

Financial Performance

The company announced impressive financial results for the first half:

Metric	Amount (Rs. Crore)	YoY Growth
Revenue from Operations	225.47	11.31%
EBITDA	56.81	14.60%
Profit After Tax	39.72	11.92%

Notably, Shivalik Bimetal Controls improved its EBITDA margin to 25.20% from 24.47% in the previous year, indicating enhanced operational efficiency.

Domestic Market Growth and Future Outlook

CFO Rajeev Ranjan highlighted the company's strong performance in the domestic market, achieving a 25% growth rate. Looking ahead, Ranjan expressed optimism about future growth prospects, stating that the company expects to return to a growth range of 10% to 40% after the fourth quarter.

Potential Joint Venture

In a strategic move, Shivalik Bimetal Controls is exploring a potential partnership with Metalor Technologies International SA. The company is developing a memorandum of understanding to assess the feasibility of a joint venture in India. This venture would focus on manufacturing and assembling silver contacts, potentially expanding Shivalik's product portfolio and market reach.

Industry Recognition

Shivalik Bimetal Controls' commitment to excellence has not gone unnoticed in the industry. The company recently received supplier excellence awards from two major corporations:

EATON Corporation: Shivalik was selected among 12 global suppliers for EATON's excellence award.
Schneider Electric: The company was recognized with a supplier excellence award.

These accolades underscore Shivalik Bimetal Controls' reputation for quality and reliability in the global supply chain.

As Shivalik Bimetal Controls continues to demonstrate strong financial performance and explore strategic partnerships, it appears well-positioned for future growth in both domestic and international markets.