Shivalik Bimetal Controls Applies for Shareholder Reclassification of Solan Developers Private Limited
Shivalik Bimetal Controls Limited announced on May 22, 2026, that it is facilitating the reclassification of a shareholder's status following a request from M/s Solan Developers Private Limited.The Company has filed an application with both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) seeking No Objection Certificate (NOC) for the reclassification of M/s Solan Developers Private Limited’s shareholding.
The proposed change involves transitioning M/s Solan Developers Private Limited from the ‘Promoter and Promoter Group’ category to the ‘Public’ category of shareholders.
The key details of the reclassification request are as follows:
| Shareholder | Current Category | Proposed Category | Action Taken by Company |
|---|---|---|---|
| M/s Solan Developers Private Limited | Promoter and Promoter Group | Public | Filed application with NSE and BSE |
The action taken by Shivalik Bimetal Controls Limited reflects the formal processing of the request received regarding the alteration of shareholder classification.
SBCL Stock Price Movement
On Friday, shares of Shivalik Bimetal Controls Limited slipped by 1.51% to close at ₹677.95. The stock shed ₹10.40 on a volume of 370,010 shares, yet the equity maintained proximity to its significant 52-week high of ₹700.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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