UFO Moviez India Limited has informed the Exchange regarding Notice of Postal Ballot dated March 12, 2026 for seeking approval of the Members for reclassification of certain members of Promoter/Promoter group to Public category.
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UFO Moviez India Limited has issued a Postal Ballot Notice seeking shareholder approval to reclassify two members of its Promoter/Promoter Group as Public shareholders. The reclassification covers Apollo Green Energy Limited (formerly Apollo International Limited) holding 22,66,417 shares (5.84%) and Mr. Raaja Kanwar holding 12,500 shares (0.03%), totaling 22,78,917 shares or 5.87% of the company. Both BSE and NSE have already granted their No-Objection Certificate for this change on March 4, 2026, and the Board had approved the reclassification on January 29, 2026. The remote e-voting period runs from March 19, 2026 to April 17, 2026, with results expected by April 19, 2026. The outgoing promoter group members have confirmed they do not hold over 10% voting rights, exercise no control, and have no board representation or special rights.
If approved, the promoter group's classified shareholding will reduce by 5.87%, with these shares moving into the public category. The change formalizes Apollo Green Energy's exit from the promoter tag and may slightly expand the public float, but it is a classification change rather than an actual share sale, so direct stock price impact is likely limited.