Aarti Surfactants Limited has informed the Exchange regarding 'Intimation of approval of Reclassification of Promoter Group under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
AARTISURF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aarti Surfactants has received approval from BSE and NSE to reclassify 9 members from the 'Promoter Group' to the 'Public' category under SEBI's Regulation 31A. All 9 reclassified members hold zero shares in the company, so this is effectively a procedural change with no impact on actual shareholding. The original application from August 2024 sought reclassification of 11 members, but two entities (Valiant Organics Limited and Prasadi Yogesh Banatwala) withdrew their requests and will continue as promoter group members. Promoter holding remains unchanged at 49.88% (42,22,080 shares), while public holding stays at 50.12% (42,42,915 shares).
Since the reclassified members held no shares, there is no change in shareholding pattern or float, meaning no direct impact on stock price or shareholder value. However, the disclosure confirms that promoter holding remains just below the 50% mark at 49.88%, which is a structural detail investors should note.