This is to inform that the company has receipt of request for re-classification from the promoter category
Awaiting price reaction for this filing.
Centerac Technologies Ltd has received requests from 6 promoter group members (Sanjiv Khandelwal, Bhagwati Gopal Mittal, Rajeev Khandelwal, Sandhya Khandelwal, Shilpa Khandelwal, and Sushila Khandelwal) seeking re-classification from 'Promoter and Promoter Group' to 'Public' category under SEBI Listing Regulations. The re-classification follows a Share Purchase Agreement dated January 22, 2018, where Mr. Sanjiv Khandelwal divested substantial shares, reducing his stake from 30,995 shares (0.28%) to 10,220 shares (0.09%). The combined promoter group now holds only approximately 10,260 shares (roughly 0.11%). The request will be placed before the Board of Directors on May 22, 2026, and subsequently require BSE approval.
The re-classification indicates promoters have effectively exited control of the company with negligible remaining stake. Once approved, the company's promoter shareholding will fall to near zero, fundamentally changing its shareholding structure. This may attract new investors but also reduces the 'promoter backing' factor in valuation.