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Shree Cement has received a request from Riya Puja Jain to move her from the “Promoter Group” category to the “Public” category under Regulation 31A of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations. The request is dated October 8, 2026. It is a request only. Based on the reporting available as of October 9, 2026, neither a board decision, an exchange approval nor a completed reclassification has been confirmed.
What the request says
The request, as reported from the company’s disclosure, seeks reclassification from the “Promoter Group” category to the “Public” category. The filing-style wording used in coverage is “request for reclassification from ‘Promoter Group’ category to ‘Public’ category.” The reported date is October 8, 2026, and the request cites Regulation 31A of the SEBI LODR Regulations, which sets out the framework for moving a person out of the promoter or promoter group classification.
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The primary exchange filing itself was not located for this report. The details below therefore come from secondary coverage of the company’s disclosure and should be read on that basis until the filing can be checked directly on the stock exchange websites where Shree Cement is listed.
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- Shares held: 2,050 equity shares, as reported.
- Share of paid-up capital: 0.0057%, as reported.
Both figures are attributed to the company’s disclosure as carried in October 8, 2026 coverage. The reported stake is very small relative to the company’s capital, which is one reason the request is a classification question rather than a question of control.
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The applicant’s stated grounds
According to the reporting, Ms. Jain says her place in the promoter group arises solely from her relationship with the promoters. She states that she is married, leads an independent life, and has no direct or indirect control over the company’s affairs or management. These are her own assertions as reported. They have not been independently established by the company, the exchanges or the regulator in the coverage reviewed.
Where the request stands
Receiving a request is a procedural step. It does not by itself change a person’s classification. The request moves through several stages before a reclassification takes effect, and the reporting reviewed so far covers only the first.
| Stage | Status as of October 9, 2026 | Source of the status |
|---|---|---|
| Request received from Ms. Jain, dated October 8, 2026 | Reported | Coverage of the company’s disclosure |
| Board consideration at an ensuing meeting | Reported as planned; no decision confirmed | A secondary company-filings feed |
| Stock exchange approval | Not stated in the reporting reviewed | Not established |
| Reclassification completed | Not stated in the reporting reviewed | Not established |
Coverage also reports that the applicant gave undertakings to comply with the applicable Regulation 31A conditions for three years after any reclassification. The exact wording of those undertakings, and how they apply to this request, could not be confirmed from the reporting and should be checked against the primary filing before being quoted.
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What this does not mean
- It does not confirm that Ms. Jain has been moved to the Public category.
- It does not indicate any change in control of Shree Cement or its promoter group.
- It does not establish that the board or the exchanges have approved the request.
How to check for an update
The next authoritative signal will be a company or exchange disclosure recording the board’s decision or an exchange response. Readers tracking the matter should look for filings from Shree Cement on the NSE and BSE websites and check whether the filing refers to Regulation 31A and to the “Promoter Group” to “Public” change. Any report that describes the request as approved or completed should be matched against such a filing before it is relied on.
Until that filing is available, the accurate description is that a promoter-group member has requested reclassification, the company has reported receiving it, and its outcome is not yet established in the reporting.
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Note on sources
All figures and statements of intent in this article come from October 8, 2026 coverage of the company’s disclosure and a secondary company-filings feed. Neither was matched to the primary exchange filing at the time of writing.
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