Windsor Machines has secured approval from the National Stock Exchange of India (NSE) and BSE Limited for the reclassification of its promoter shareholders to public shareholders. The approval pertains to Castle Equipments Private Limited and Ghodbunder Developers Private Limited, who have been reclassified under Regulation 31A of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
The company had initially submitted its application for reclassification on February 19, 2026. However, it was noted that the required disclosure to the stock exchanges was delayed, being submitted only on April 5, 2026, instead of within the stipulated 24-hour period following the application submission. As a result, Windsor Machines received warning letters from both NSE and BSE regarding this delay.
Despite the warning, no financial penalties were imposed on Windsor Machines, and the company has committed to ensuring strict compliance with SEBI regulations moving forward. The reclassification approval was officially communicated to Windsor Machines on May 15, 2026, through letters from both exchanges.
This reclassification marks a significant step for Windsor Machines as it adjusts its shareholder structure, with the former promoters now recognised as public shareholders, holding minimal shares.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).