UFO Moviez India Limited has informed the Exchange regarding 'Disclosure under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") - Intimation of receipt of No-objection for reclassification '.
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UFO Moviez India has received approval from both BSE and NSE to reclassify Apollo Green Energy Limited and Raaja Kanwar from the 'Promoter/Promoter Group' category to the 'Public' category. The reclassification was originally requested by these two entities on January 19 and January 30, 2026 under Regulation 31A of SEBI LODR Regulations. Both stock exchanges granted their no-objection on March 4, 2026. The specific shareholding details or quantum of stake held by these two entities being reclassified has not been disclosed in this filing.
This reclassification will reduce the company's promoter/promoter group shareholding and increase the public shareholding count, but without disclosed shareholding figures, the exact impact on promoter holding thresholds and stock price is unclear. Shareholders should await further disclosures regarding the actual stake size involved.