THE BOARD OF DIRECTORS IN ITS MEETING HELD ON 11TH FEBRUARY, 2026 APPROVED THE RECLASSIFICATION REQUEST
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The Board of Directors of Universal Starch Chem Allied Ltd, at its meeting on 11th February 2026, approved a request from Mr. Jayendrasinh Desai to reclassify himself from the 'Promoter / Promoter Group' category to the 'Public' category. Based on his request letter and declaration, the Board confirmed he meets all conditions under Regulation 31A(3)(b) of SEBI's Listing Regulations for such reclassification. The Company will now submit an application to BSE within the prescribed timeline for its approval. No specific shareholding numbers were disclosed in this filing.
Once approved, Mr. Desai's shares will be counted under the public shareholding instead of the promoter group, which reduces the effective promoter holding of the company. This is a procedural change in classification and does not involve any actual sale of shares.