Aptech Limited has informed the Exchange regarding 'Disclosure regarding submission of application with the Stock Exchanges for reclassification of a member of the Promoter Group under Regulation 31A read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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Aptech Limited has submitted applications to BSE and NSE seeking approval for reclassifying Mr. Utpal Sheth from the 'Promoter Group' category to 'Public' under SEBI LODR Regulations. The Board of Directors had approved this request on May 20, 2026. Mr. Sheth had initiated this reclassification request himself. This means Mr. Sheth will no longer be considered part of the controlling shareholders group of the company once regulatory approvals are obtained.
Once approved, this reclassification will reduce the official promoter group holding in the company, as Mr. Sheth's shares will be counted as part of public shareholding. This could affect the company's compliance with minimum public shareholding requirements.