Signpost India Secures Approval for Promoter Reclassification from BSE and NSE
Signpost India Limited, listed on BSE and NSE, has received approval to reclassify certain individuals and an entity from promoter/promoter group to public shareholders. The reclassification, approved under SEBI Regulation 31A, involves Wiren Chand Suchanti, Navin Chand Suchanti, Pramina Suchanti, and Pressman Realty Private Limited. This change will be reflected in the company's shareholding pattern and may affect regulatory obligations and market perception of the company's ownership structure.

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Signpost India Limited , a company listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), has received approval for a significant change in its shareholder structure. The company announced that it has obtained no-objection letters from both stock exchanges for the reclassification of certain individuals and an entity from the promoter/promoter group category to the public shareholders category.
Key Details of the Reclassification
The reclassification, approved under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Regulations, involves the following parties:
| Reclassified Parties | Previous Category | New Category |
|---|---|---|
| Wiren Chand Suchanti | Promoter/Promoter Group | Public Shareholder |
| Navin Chand Suchanti | Promoter/Promoter Group | Public Shareholder |
| Pramina Suchanti | Promoter/Promoter Group | Public Shareholder |
| Pressman Realty Private Limited | Promoter/Promoter Group | Public Shareholder |
Regulatory Process and Timeline
The reclassification process followed a structured timeline:
- Application Date: Signpost India Limited submitted the reclassification application to BSE and NSE.
- Approval Date: Both stock exchanges issued no-objection letters for the reclassification.
This move aligns with the regulatory framework set by SEBI, which allows for the reclassification of promoters under specific conditions. The approval from both exchanges indicates that the company has met the necessary criteria for such a reclassification.
Implications and Compliance
The reclassification of these parties from promoter/promoter group to public shareholders could have several implications:
- Shareholding Pattern: This change will be reflected in the company's shareholding pattern in subsequent filings.
- Regulatory Obligations: The reclassified parties may see a reduction in their regulatory obligations that are typically associated with promoter status.
- Market Perception: The move might influence how the market perceives the company's ownership structure.
Signpost India Limited is now required to ensure compliance with all relevant disclosures related to this reclassification, as mandated by Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Investors and market participants are advised to take note of this change in the company's promoter structure. While this reclassification doesn't directly impact the company's operations or financials, it represents a significant change in its ownership structure that could have long-term implications for corporate governance and strategic decision-making.
Historical Stock Returns for Signpost India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.01% | -5.81% | -10.65% | +8.82% | -33.44% | -35.91% |




































