Deccan Transcon Leasing Limited Revokes Approvals for Promoter Reclassification under Board Decision
Deccan Transcon Leasing Limited announced that its Board of Directors has revoked certain previous approvals related to the reclassification of specific persons, following a review of queries raised by the National Stock Exchange of India Limited (NSE). The decision was made during a Board meeting held on July 19, 2026.The company confirmed that, after reconsideration of the NSE's queries concerning promoter reclassification matters, the approval granted on March 06, 2026, regarding the status of several individuals has been formally revoked.
The persons whose earlier approvals have been revoked by Deccan Transcon Leasing Limited include relatives and applicants associated with Mr. Jaidev Menon Parath and Ms. Karthika Menon. The details of the reclassification matters that stand revoked are as follows:
| Sr. No. | Name of the Promoter | Relationship Applicant | Relationship | No. of Shares % | Holding |
|---|---|---|---|---|---|
| 1 | Mr. Jaidev Menon Parath | Mr. Parath Jaipal | Brother | Nil | 0.00% |
| 2 | Ms. Karthika Menon | Ms. Padma Menon | Mother | Nil | 0.00% |
| 3 | Ms. Karthika Menon | Mr. Keshav Ajit Menon | Brother | Nil | 0.00% |
| 4 | Mr. Pranav Jaidev | Mr. Ajay Babu Sajjala | Spouse's Father | Nil | 0.00% |
| 5 | Mr. Pranav Jaidev | Ms. Anuradha Reddy | Spouse's Mother | Nil | 0.00% |
| 6 | Mr. Pranav Jaidev | Ms. Arya Sajjala | Spouse | Nil | 0.00% |
The Board of Directors further noted that Deccan Transcon Leasing Limited will continue to pursue the reclassification requests for all remaining applicants in accordance with applicable provisions, subject to necessary regulatory approvals.
DECCANTRAN Stock Price Movement
On Friday, shares of Deccan Transcon Leasing Limited edged higher, closing at ₹20.85 after gaining 0.24%. The stock traded on a modest volume of 1,200 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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