Alkem Laboratories announced that the National Stock Exchange of India Limited and BSE Limited have approved the reclassification of Mr. Shikhar Raj, Ms. Sadhika Raj, Ms. Sakshi Sinha, and Mr. Satyam Sinha from the ‘Promoter Group’ to the ‘Public’ category. The approval was granted based on the company's application dated April 26, 2024, and is in accordance with Regulation 31A(8)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Pre-Reclassification | Post-Reclassification | |||
|---|---|---|---|---|
| Shares Held | Percentage | Shares Held | Percentage | |
| Promoter Holding | 6,59,13,109 | 55.13 | 6,37,13,109 | 53.29 |
| Public Holding | 5,36,51,891 | 44.87 | 5,58,51,891 | 46.71 |
Reclassification Details
The reclassification involves four members of the promoter group, who have requested to be categorized as public shareholders. The details of the outgoing promoters are as follows:
| Sr. No. | Name of Outgoing Promoter | No. of Shares | % Shareholding |
|---|---|---|---|
| 1 | Shikhar Raj | 5,50,000 | 0.46% |
| 2 | Sadhika Raj | 5,50,000 | 0.46% |
| 3 | Sakshi Sinha | 5,50,000 | 0.46% |
| 4 | Satyam Sinha | 5,50,000 | 0.46% |
| Total | 22,00,000 | 1.84% |
Regulatory Compliance
Alkem Laboratories has been directed by the stock exchanges to disclose the reclassification as a material event, ensuring compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exchanges have also requested that this letter be forwarded to the depositories and the company's Registrar and Transfer Agent (RTA) for necessary actions.
Impact of Reclassification
The reclassification results in a minor adjustment to the shareholding percentages. The promoter holding decreases from 55.13% to 53.29%, while the public holding increases from 44.87% to 46.71%. This change reflects a redistribution of 22,00,000 shares, amounting to 1.84% of the total shareholding, from the promoter group to the public category.
