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Burnpur Cement Board Approves Promoter Reclassification to Public

Burnpur Cement Limited

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January 19, 2026, 01:53 PM

Burnpur Cement's Board approved the reclassification of promoters Shehul Sandip Parikh and Rakhi Parikh from "Promoter" to "Public" category. The promoters confirmed they hold no shares, exercise no control, and meet SEBI criteria for reclassification. The company will seek stock exchange no-objection.

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Burnpur Cement Limited announced the outcome of its Board Meeting held on January 19, 2026. The Board considered and approved the requests from promoters Shehul Sandip Parikh and Rakhi Parikh to reclassify their status from "Promoter/Promoter Group" to "Public Category" shareholders.

These promoters confirmed that they do not collectively hold more than ten percent of the total voting rights, do not exercise control over the company's affairs, and do not possess any special rights. They also confirmed they are not Key Managerial Personnel, wilful defaulters, or fugitive economic offenders.

The reclassification aligns with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will now proceed to obtain a no-objection from the stock exchanges (NSE and BSE) and will effect the reclassification in the shareholding pattern from the succeeding quarter, following necessary regulatory approvals. The Board meeting commenced at 3:30 PM and concluded at 4:50 PM.

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