Aptech Limited has informed the Exchange regarding 'Intimation of receipt of Request for Reclassification from Promoter Group categoryto Public category under Regulation 31A of SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015'.
APTECHT · price
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Mr. Utpal Sheth, currently classified under the Promoter Group category of Aptech Limited, has requested reclassification to the Public category under Regulation 31A of SEBI LODR Regulations. He holds 9,08,000 equity shares representing 1.57% of the company's paid-up equity share capital. In his request dated April 29, 2026, Sheth stated that his shareholding is purely an investment and he does not exercise any control, influence, or involvement in the management or decision-making of the company. The reclassification request is subject to analysis by the Board of Directors and approval from the Stock Exchange.
If approved, this reduces the Promoter Group holding by 1.57%. The reclassification has minimal direct impact on stock price since the economic stake remains unchanged, but it reflects a weaker promoter connection with the company.