Shanthi Gears: Promoter Group Seeks Reclassification to Public Category
Shanthi Gears Limited has received a request from M/s. Algavista Greentech Private Limited, a member of the promoter and promoter group, seeking reclassification from the 'promoter and promoter group'...
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Why is Shanthi Gears Limited in the news today?
Shanthi Gears Limited (SHANTIGEAR) is in the news due to the announcement pertains to a procedural reclassification of a promoter group entity and does not immediately indicate a change in control or significant financial impact on the company. the outgoing promoter group held no shares at the time of the request, making the reclassification largely a formality.
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Shanthi Gears: Promoter Group Seeks Reclassification to Public Category
December 18, 2025, 09:16 AM
Shanthi Gears Limited has received a request from M/s. Algavista Greentech Private Limited, a member of the promoter and promoter group, seeking reclassification from the 'promoter and promoter group' category to the 'public' category of shareholders. This request is made in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The company received the letter on December 18, 2025. As of the date of the request letter, Algavista Greentech Private Limited held Nil shares and Nil percentage of shareholding, effectively having no stake in the company at that time.
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