Board approves reclassifying promoter APCAPL to public category

Refex Renewables board approved reclassifying Avyan Pashupathy Capital Advisors from Promoter to Public category. APCAPL had already transferred its entire 13,91,869 shares (30.94%) to Refex Holding Private Limited on Aug 14 via inter-se promoter transfer. APCAPL now holds 0%. Total promoter holding stays at 74.87%, all held by Refex Holding. No shareholder approval needed since APCAPL holds nil voting rights. Application being made to BSE for no-objection.