Shanthi Gears Ltd. Receives Approval for Promoter Group Reclassification
Shanthi Gears Limited announced on March 20, 2026, that both the National Stock Exchange of India Limited (NSE) and BSE Limited have granted approval for the reclassification of Algavista Greentech Private Limited (AGPL) from its Promoter Group. This follows an application submitted by the company on January 23, 2026, and previous submissions on December 18, 2025, and January 22, 2026.The NSE’s approval letter, reference number NSE/LIST/COMP/SHANTIGEAR/551/2025-2026, and the BSE’s approval letter, reference number LIST/COMP/HG/741/202526, both dated March 20, 2026, formalized the no-objection for AGPL’s reclassification.
The approval letters from both exchanges have been received by the company.
Walter Vasanth P J, Company Secretary & Compliance Officer, confirmed the development.
| Name of Promoter Group |
|---|
| Algavista Greentech Private Limited |
The company is required to ensure compliance with subsequent disclosures of material events related to this reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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