Signpost India Limited has received approval from both the BSE and NSE for the reclassification of select individuals and an entity from the promoter/promoter group category to public shareholders. This reclassification, carried out under Regulation 31A of the SEBI (LODR) Regulations, pertains to the following:
| Name | Previous Category | New Category |
| Wiren Chand Suchanti | Promoter/Promoter Group | Public Shareholder |
| Navin Chand Suchanti | Promoter/Promoter Group | Public Shareholder |
| Pramina Suchanti | Promoter/Promoter Group | Public Shareholder |
| Pressman Realty Private Limited | Promoter/Promoter Group | Public Shareholder |
Regulatory Process
- The company submitted a formal application requesting reclassification.
- Both stock exchanges issued no-objection letters confirming compliance with SEBI norms.
Impact and Compliance
The approved changes will reflect in upcoming shareholding disclosures. Post-reclassification, the concerned individuals and entity will no longer be subject to regulatory and compliance obligations applicable to promoters. This shift may also influence investor perception of the company’s ownership structure.
Signpost India Limited will continue to adhere to all disclosure requirements associated with the approved reclassification.
Disclaimer:
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