Disclosure regarding submission of application with Stock Exchange for reclassification of the member of the promoter group under Regulation 31A read with Regulation 30 of the SEBI (LODR) ....
APTECHT · price
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Aptech Ltd has submitted applications to BSE and NSE seeking approval for reclassifying Mr. Utpal Sheth from the 'Promoter Group' category to 'Public' shareholder category. This follows the Board of Directors' approval on May 20, 2026, of Mr. Sheth's request for such reclassification under SEBI LODR Regulations. The company is making this disclosure as required under Regulation 31A(8) of SEBI LODR. This reclassification means Mr. Sheth will no longer be considered part of the promoter/promoter group holding structure of the company. The request appears to be voluntary in nature.
This indicates a reduction in the promoter group backing of the company as one member is moving to public category. While Mr. Sheth may still hold shares, the change affects how his holdings are classified and may slightly reduce investor confidence in promoter commitment.