Tube Investments of India Receives No-Objection for Promoter Reclassification
Tube Investments of India Limited announced on March 24, 2026, that both the National Stock Exchange of India Limited (NSE) and BSE Limited have granted no-objection for the reclassification of Algavista Greentech Private Limited from the "Promoter and Promoter Group Category" to the "Public Category."The approvals follow applications from the company dated December 18, 2025, February 4, 2026, and February 5, 2026. The NSE’s letter, reference no. NSE/LIST/COMP/TIlNDlA/567/2025-2026, and BSE’s letter, reference no. LIST/COMP1KR174412025-26, formally approved the reclassification.
According to the NSE, the reclassification aligns with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The BSE similarly approved the reclassification in accordance with the same regulation.
| Promoter Group |
|---|
| Algavista Greentech Private Limited |
Tube Investments of India Limited is headquartered in Chennai, Tamil Nadu.
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