Reliance Infrastructure Limited — Important, 27-03-2025: Updates

Reliance Infrastructure Limited has received rejections from both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) regarding its application for reclassification of the promoter group to the public category under SEBI regulations. The exchanges cited non-compliance with specific provisions, which state that promoters and related persons must not hold more than 10% of total voting rights or exercise control over the company. In light of these developments, the company intends to appeal to the stock exchanges for reconsideration, emphasizing their position and the legal framework supporting their application. Investors should monitor this situation closely, as it may affect governance structures and stakeholder confidence.