Sun Pharmaceutical Industries Ltd has informed the stock exchanges that it has formally applied for the reclassification of certain shareholders from the promoter group category to the public shareholder category.
The move follows earlier disclosures made by the company during May and is subject to regulatory review and approval by the exchanges.
The development has been undertaken in accordance with the applicable provisions governing shareholder reclassification under listing regulations.
According to the company's filing, the application was submitted to the stock exchanges on May 26, 2026. The request seeks approval for shifting the identified shareholders from the promoter group classification to the public category.
The company stated that the application has been made under the provisions governing reclassification of shareholders and follows the process prescribed under applicable securities market regulations.
Sun Pharma had previously informed the exchanges regarding the proposed reclassification through disclosures made earlier in May.
The latest communication confirms that the formal application stage has now been completed and submitted for consideration by the exchanges.
The approval process will involve examination of the application by the stock exchanges before any final decision is taken on the proposed change in shareholder classification.
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As of 27 May 2026, at 9:16 AM, Sun Pharmaceutical Industries share price is trading at ₹1,865 per share, reflecting a gain of 1.31% from the previous closing price.
Sun Pharmaceutical Industries has moved ahead with the formal application process for the reclassification of certain promoter group shareholders into the public category. The proposal will now be reviewed by the stock exchanges before any final approval is granted.
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Published on: May 27, 2026, 11:35 AM IST
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