Shivalik Bimetal Controls Shareholders Approve Reclassification of 11 Promoters to Public Category

Shivalik Bimetal Controls Limited , a prominent player in the bimetal industry, has received shareholder approval for a significant change in its promoter structure. At an Extraordinary General Meeting (EGM) held on November 18, 2025, shareholders voted to reclassify 11 promoters and promoter group entities from the 'Promoter/Promoter Group' category to the 'Public' category.

Key Details of the Reclassification

The reclassification, approved under Regulation 31A(3)(vii) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, involves the following changes:

11 entities, including individuals and companies, have been reclassified from promoter to public category.
These entities held no shares in the company at the time of reclassification.
The move reduces the total number of promoters and promoter group entities to 9.

Voting Results

The resolution for reclassification was passed with overwhelming support from shareholders:

Category	Votes in Favor	Votes Against	% in Favor
Promoter and Promoter Group	18,183,771	0	100.00
Public - Institutions	10,807,680	31,566	99.71
Public - Non Institutions	1,361,279	82	99.99
Total	30,352,730	31,648	99.90

Impact on Shareholding Structure

Post-reclassification, the updated list of promoters and promoter group entities includes:

Name	Shares Held	% Shareholding
OD Finance and Investment Pvt Ltd	9,063,571	15.73
Mr. Narinder Singh Ghumman	4,491,000	7.80
Mr. Kabir Ghumman	2,086,500	3.62
Mr. Sumer Ghumman	2,086,800	3.62
Mrs. Tejinderjeet Kaur Ghumman	924,000	1.60
Sirmaur Hospitality Pvt Ltd	455,600	0.79
Mrs. Milly Ghumman	300	0.00
Mrs. Shanna Ghumman	0	-
Solan Developers Pvt Ltd	0	-

Corporate Governance Implications

This reclassification aligns with regulatory requirements and may enhance transparency in the company's ownership structure. It reflects a shift in Shivalik Bimetal Controls' promoter composition, potentially impacting future decision-making processes and corporate governance practices.

The EGM, conducted through video conferencing, saw participation from 43 shareholders, including 6 from the promoter and promoter group and 37 from the public. The meeting was chaired by Mr. N. S. Ghumman, Chairman & Whole Time Director of the company.

This move to reclassify these promoters may be seen as a step towards streamlining Shivalik Bimetal Controls' ownership structure and potentially improving its corporate governance framework.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.19%	-1.83%	-11.87%	-12.38%	-23.61%	+438.12%

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.