India Shelter Finance: Promoters seek reclassification to public category

India Shelter Finance Corporation Limited announced on December 16, 2025, the receipt of requests from twelve individuals and entities within its promoter and promoter group seeking reclassification to the 'Public' category. This reclassification is sought in accordance with SEBI regulations.

Among those requesting reclassification is Anil Mehta, a promoter holding 1,570,734 equity shares, representing 1.45% of the total shareholding as of September 30, 2025. Other entities and individuals, including Shalabh Mehta, Vipula Surana, Adit Mehta, Aditi Mehta, Sanjeeva Bhargava, Anjali Mehta, and several Crossland Private Limited entities, currently hold NIL equity shares but are part of the promoter group. GreenCore PTE Ltd. also holds NIL equity shares.

Each applicant confirmed that they, along with related persons, do not collectively hold more than ten percent of the total voting rights, do not exercise control over the entity, do not have special rights, do not represent on the board of directors, are not key managerial personnel, are not wilful defaulters, and are not fugitive economic offenders. The reclassification requests are subject to the approval of the board of directors and compliance with other applicable SEBI Listing Regulations.