A listed company can apply to stock exchange for re-classification of the Promoter's holdings as public shareholders under SEBI regulations. Whether following promoters can apply for re-classification with reference to S

As per Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") deals with the conditions for re-classification of any person as promoter / public. Based on the provisions of Regulation 31A of the SEBI LODR Regulations, the following are the answers to the circumstances given: (d) The promoter company has outstanding listing fees for one year. As per Regulation 31A (c) (iii), the listed entity shall not have any outstanding dues to the SEBI, the stock exchanges or the depositories to be is eligible to apply for reclassification. In this case, the promoter company has outstanding listing fees for one year, hence it is not eligible for re-classification.