Sundram Fasteners Ltd

Sundram Fasteners Seeks Reclassification of Three Entities 📋

- Sundram Fasteners Limited received requests to reclassify Lakshminarayana Ancillaries Private Limited (LNL), Upasana Properties Private Limited (UPP), and Upasana Private Limited (UPL) from 'Promoter Group' to 'Public' category.

- LNL and UPP merged with UFL Properties Private Limited (UFL) on October 16, 2025, and were dissolved without winding up.

- UPL merged with TVS Sundram Fasteners Private Limited (TPL) on March 27, 2026, and was dissolved without winding up.

- Post-merger, LNL held 9,656 equity shares (0.00% stake), UPP held no shares, and UFL held 100,174 equity shares (0.05% stake) in Sundram Fasteners.

- After the merger, UFL's total holding increased to 109,830 equity shares (0.05% stake) due to the vesting of LNL's shares.

- TPL held 98,319,780 equity shares (46.79% stake) in Sundram Fasteners, with no change post-UPL merger as UPL held no shares.

- LNL, UPP, and UPL are no longer associated with management, lack control or special rights, and have no directors or key personnel in the company.

- The requests will be presented to Sundram Fasteners' Board of Directors for approval under SEBI Regulation 31A.

- The companies confirmed they are not wilful defaulters or fugitive economic offenders per RBI guidelines.