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Shree Cement has received a request from an individual, Riya Puja Jain, to move her from the “Promoter Group” category to the “Public” category. The request is dated October 8, 2026 and cites Regulation 31A of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations. As of October 9, 2026, the reporting available does not show that the change has been approved or completed. What is established is that a request was made, what she says her grounds are, and that the board was expected to take it up at a later meeting.
What the request says
The request, as described in coverage of the company’s disclosure, seeks reclassification from the “Promoter Group” category to the “Public” category. The reported holding is 2,050 equity shares, which the same coverage puts at 0.0057% of the company’s paid-up capital. Both figures are attributed to the company’s disclosure. The original exchange filing itself was not available to check directly, so these numbers should be read as reported rather than independently verified.
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The applicant’s stated grounds
According to the same reporting, Ms. Jain says her place in the promoter group comes only 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 relayed in coverage. They are not findings made by the company, the board, or a regulator.
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Receiving a request is a procedural step. It does not by itself mean the change has been made. The table below separates what the reporting supports from what it does not.
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| Stage | Status in reporting available on October 9, 2026 |
|---|---|
| Request received by the company | Reported. Request dated October 8, 2026, citing Regulation 31A of the SEBI LODR Regulations. |
| Board consideration | Reported in a secondary company-filings feed as due at an ensuing board meeting. No decision was reported. |
| Shareholder involvement | Not stated in the reporting reviewed. |
| Stock exchange approval | Not established. No approval was reported. |
| Completed reclassification | Not established. No completed change was reported. |
What the Regulation 31A undertakings mean
Secondary coverage reports that the applicant has given undertakings to comply with the applicable Regulation 31A conditions for three years after any reclassification. The exact wording of those undertakings was not available in the reporting, and it is not confirmed how they would apply to this individual request. Readers who need the precise terms should look for the primary company or exchange filing rather than rely on summaries.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the request does not show
Nothing in the reporting indicates that the request changes control of Shree Cement or the wider promoter group. The stated holding is very small in percentage terms, and the applicant’s grounds are about her lack of control, not a shift in management. Treat the filing as a classification question about one holder, not a change in who runs the company.
What to watch for next
- A board outcome on the request, recorded in a later company disclosure.
- Any stock exchange communication on the request or on a revised shareholding pattern.
- The primary filing text, which would confirm the exact undertakings and the wording of the request.
- A completed reclassification notice, which would be the first point at which the change could be treated as final.
Until one of these appears, the accurate description is that a request has been made and is pending, with no confirmed outcome.
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