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Panacea Biotec Limited Receives Approval for Reclassification of Promoters and Promoters' Group

Strategic Insights

— 1 min read

The National Stock Exchange of India has announced that Panacea Biotec Limited has received approval from the BSE and NSE to reclassify Mrs. Sunanda Jain, Mr. Sumit Jain, and Ms. Radhika Jain from the "Promoters and Promoters' Group" category to the "Public" category of shareholders. This decision was made in accordance with Regulation 31A(3) of the Securities & Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. The reclassification does not affect the aggregate shareholding of the Promoters and Promoters' Group, as none of the outgoing members hold any shares in the company.

Key Takeaways:

  • Panacea Biotec Limited has received approval from BSE and NSE to reclassify Mrs. Sunanda Jain, Mr. Sumit Jain, and Ms. Radhika Jain from the "Promoters and Promoters' Group" category to the "Public" category.
  • The reclassification was made in accordance with Regulation 31A(3) of the Securities & Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.
  • The decision does not affect the aggregate shareholding of the Promoters and Promoters' Group, as none of the outgoing members hold any shares in the company.
  • The reclassified shareholders, Mrs. Sunanda Jain, Mr. Sumit Jain, and Ms. Radhika Jain, will now be treated as "Public" shareholders.
  • The company has attached copies of the approval letters received from the Stock Exchanges as Annexure I (Colly).

Statistics:

  • Date of application: October 16, 2024
  • Date of receipt of approval: July 29, 2025
  • Retail investors in Panacea Biotec Limited: Expected to increase following reclassification
  • Number of reclassified shareholders: 3 (Mrs. Sunanda Jain, Mr. Sumit Jain, and Ms. Radhika Jain)

Sources:

  • National Stock Exchange of India: Corporate announcement dated July 29, 2025
  • Securities & Exchange Board of India: Regulation 31A(3) of the Securities & Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015

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