Unishire Urban Infra Limited has submitted an application to BSE Limited on March 03, 2026, seeking reclassification of promoters and promoter group shareholding to the public category under SEBI Regulation 31A. This follows the board's earlier approval of the reclassification request during a meeting held on February 27, 2026.

Application Submission Details

The company formally submitted the reclassification application to BSE Limited on March 03, 2026, in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The application includes all respective checklists prescribed by the stock exchange and was signed by Managing Director Chirag (DIN: 10728185).

Board Approval Background

The board of directors had approved the reclassification during a meeting held on February 27, 2026, at the company's registered office in Kolkata. The meeting was conducted from 1:00 PM to 1:30 PM and was presided over by Managing Director Chirag.

Promoter Reclassification Details

The reclassification involves three promoters who requested to move their shareholding from the "Promoter/Promoter Group" category to the "Public" category. The board reviewed and approved this request after confirming compliance with all regulatory requirements.

Regulatory Compliance

The board confirmed that all promoters have satisfied the conditions specified in sub-clause (i) to (vii) of clause (b) of sub-regulation (3) of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The promoters have also committed to continue complying with the conditions mentioned in Regulation 31A post-reclassification. The company has committed to keep BSE Limited informed regarding the reclassification application in accordance with the listing regulations.

Unishire Urban Infra Limited has formally requested BSE Limited to exempt the company from filing quarterly financial results for the December quarter ended December 31, 2025, citing its listing status on the SME platform.

Regulatory Compliance Clarification

The company submitted a clarification letter dated February 3, 2026, to BSE's Department of Corporate Service explaining its position regarding quarterly compliance requirements. The letter addresses the company's earlier submission of quarterly compliances and subsequent realization about specific regulatory provisions applicable to SME-listed entities.

SME Platform Regulatory Framework

Under Regulation 33(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, entities listed on SME exchanges are required to file unaudited financial statements on a half-yearly basis rather than quarterly. This regulatory provision specifically applies to companies that have listed their specified securities on SME platforms.

The company acknowledged that it had initially closed the trading window on January 1, 2026, and submitted the required quarterly compliances before becoming aware of the specific SME platform exemptions.

Trading Window Reopening Request

Unishire Urban Infra Limited has specifically requested BSE to reopen the trading window on the stock exchange. The company seeks acknowledgment that it is not required to file financial results for the December quarter ended December 31, 2025, based on its SME platform listing status.

Compliance Timeline

The clarification letter was digitally signed by Director Chirag on February 3, 2026, and submitted to BSE Limited's Mumbai office. The company emphasized that this communication serves as a continuation of its earlier quarterly compliance submissions while seeking appropriate regulatory relief under SME platform provisions.

The company maintains its registered office in Kolkata, West Bengal, and operates its corporate office from New Delhi, with established communication channels for regulatory correspondence and stakeholder engagement.