Submission of Certified True Extract of Board Meeting Minutes - Reclassification under Regulation 31A of SEBI LODR Regulations
APTECHT · price
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Aptech Limited's Board of Directors has approved the reclassification of Mr. Utpal Sheth from the 'Promoter Group' category to the 'Public' category. Mr. Sheth holds 9,08,000 shares representing 1.57% of the company's paid-up equity capital. He retired from his position as Director on September 19, 2025, and since then has had no involvement in the company's management, decision-making, or business policy formulation. He has confirmed he does not hold more than 10% voting rights, exercises no control over the company, and is not a Key Managerial Personnel. The reclassification requires approval from shareholders via postal ballot and clearance from Stock Exchanges and other regulatory authorities.
This reclassification is administrative in nature and has minimal direct impact on the stock. It reflects Mr. Sheth's reduced role after retiring as Director, with his stake of 1.57% now classified as a public holding. No immediate impact on shareholding structure or stock movement is expected, pending final approvals.