Pursuant to regulation 31A(8)(c) of SEBI (LODR) Regulation 2015, we wish to inform you that the Company has submitted an application for the re-classification of the following promoters ....
Awaiting price reaction for this filing.
ACE Edutrend Ltd has submitted an application to BSE seeking re-classification of two individuals, Ms. Anita Gupta and Mr. Sushil Aggarwal, from the 'Promoter' category to the 'Public' category. The application is filed under Regulation 31A(8)(c) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The date of application is 25 October 2023, though the intimation to the exchange is dated 11 April 2025. The filing has been signed by Monendra Srivastava, Managing Director and CFO of the company.
This re-classification suggests these two individuals no longer exercise control or significant influence over the company, but the filing does not disclose any sale of shares or change in shareholding. Investors should wait for further details on whether any stake reduction is involved and track post-reclassification shareholding patterns.