India Shelter Finance Corporation Ltd Gains Shareholder Approval for Reclassifying Promoter Members to Public Category
India Shelter Finance Corporation Ltd has successfully completed the process of reclassifying several promoter group members from 'Promoter/Promoter Group' status to the 'Public Category.' This change was approved by the Company's shareholders via Postal Ballot and remote e-voting on June 24, 2026.The reclassification involves multiple individual promoters and entities that previously held positions within the Promoter Group. The details of these changes are summarized below, showing their status before and after the shareholder approval.
| S.No. | Name of Promoter/Promoter Group Member | Category Pre- classification | Category Post- reclassification | % of shareholding as on March 31, 2026 |
|---|---|---|---|---|
| 1. | Mr. Anil Mehta | Promoter | Public | 1.44% |
| 2. | Mr. Adit Mehta | Promoter Group | Public | NIL |
| 3. | Ms. Aditi Mehta | Promoter Group | Public | NIL |
| 4. | Ms. Anjali Mehta | Promoter Group | Public | NIL |
| 5. | Mr. Sanjeeva Bhargava | Promoter Group | Public | NIL |
| 6. | Mr. Shalabh Mehta | Promoter Group | Public | NIL |
| 7. | Ms. Vipula Surana | Promoter Group | Public | NIL |
| 8. | Crossland Cars Private Limited | Promoter Group | Public | NIL |
| 9. | Crossland Earth Movers Private Limited | Promoter Group | Public | NIL |
| 10. | Crossland Equipo Private Limited | Promoter Group | Public | NIL |
| 11. | Crossland Glo Private Limited | Promoter Group | Public | NIL |
| 12. | Crossland Granites Private Limited | Promoter Group | Public | NIL |
| 13. | Crossland Parts Private Limited | Promoter Group | Public | NIL |
| 14. | GreenCore PTE Ltd | Promoter Group | Public | NIL |
| 15. | Crossland Real Estate Developers Private Limited | Promoter Group | Public | NIL |
The company confirmed that it had previously received a No Objection Certificate from the Stock Exchanges in accordance with relevant regulations. The voting results and the Scrutinizer's Report for the Postal Ballot are available on the Company's website at www.indiashelter.in, as well as on the respective stock exchange websites.
INDIASHLTR Stock Price Movement
India Shelter Finance Corporation Limited shares shed 1.63% on Thursday, closing at ₹768.75 after seeing declines of ₹12.75 from the previous close. The stock traded a volume of 76,293 shares as it settled for the day.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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