Bharat Road Network Limited
Disclosure under SEBI Takeover Regulations
Bharat Road Network Limited (BRNL) has announced a disclosure received under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This filing, submitted by Srei Infrastructure Finance Limited (SREI), pertains to its pending re-classification as a 'Public Category' shareholder of BRNL. The re-classification is linked to an Hon'ble National Company Law Tribunal (NCLT) order dated August 11, 2023, concerning a resolution plan for SREI. For investors, this signifies BRNL's ongoing compliance with regulatory requirements regarding shareholder classification. It provides clarity on the evolving ownership structure as the re-classification awaits finalization based on the NCLT order, without an immediate direct financial impact.