SRF Seeks Reclassification of SMK Wellness from Promoter Group to Public Category
SRF Limited has applied to BSE and NSE for the reclassification of SMK Wellness Private Limited from 'Promoter Group' to 'Public' shareholder category. SMK Wellness currently holds no equity shares in SRF. This move complies with SEBI regulations and could impact SRF's shareholding structure and market perception.

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SRF Limited , a leading chemical manufacturing company, has taken a significant step in restructuring its shareholding classification. The company has applied for the reclassification of SMK Wellness Private Limited from promoter group status to public category, as per a recent corporate announcement.
Application for Reclassification
SRF has submitted applications to both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) for the reclassification of SMK Wellness Private Limited from the 'Promoter Group' category to the 'Public' shareholder category.
Current Shareholding Status
The filing reveals that SMK Wellness Private Limited, despite being classified under the Promoter Group, currently holds no equity shares in SRF Limited. The document states:
Name of Outgoing Promoter | Category | Number of Equity Shares held | % of Shareholding |
---|---|---|---|
SMK Wellness Private Limited | Promoter Group | NIL | NIL |
Regulatory Compliance
This move is in compliance with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, and its subsequent amendments. The reclassification, if approved, will alter the company's shareholding structure and potentially impact how SMK Wellness Private Limited's relationship with SRF is perceived by the market.
Implications of the Reclassification
While the reclassification does not involve any change in actual shareholding, it represents a significant change in the formal categorization of SMK Wellness Private Limited in relation to SRF. This could have implications for regulatory reporting, corporate governance structures, and market perceptions of SRF's ownership and control.
The company has stated that this information has been shared for the records of the stock exchanges. As the application undergoes review by the BSE and NSE, stakeholders will be keenly watching for the outcome and any potential impact on SRF's corporate structure and market positioning.
SRF Limited, known for its diverse portfolio in chemical manufacturing, continues to adapt its corporate structure in line with regulatory requirements and business needs. The outcome of this reclassification application will be of interest to investors and market analysts alike.
Historical Stock Returns for SRF
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.83% | -1.83% | -6.71% | +5.63% | +13.73% | +289.37% |