This has reference to our intimation dated 12th February, 2026 regarding approval of the request received form Mr. Jayendrasinh Desai for Reclassification from "Promoter/Promoter Group" ....
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Universal Starch Chem Allied has withdrawn its earlier intimation (dated 12 Feb 2026) that had approved the reclassification of Mr. Jayendrasinh Desai from the 'Promoter / Promoter Group' category to the 'Public' category. Upon further review of the shareholding pattern, the company found that he (along with relatives) holds more than 10% of the total voting rights, which violates SEBI's Regulation 31A(3)(b) condition for such reclassification. As a result, the earlier approval stands withdrawn, and the company will not proceed with the reclassification application until all conditions are met.
This is a procedural correction, not a change in ownership. Mr. Desai continues to be classified as a promoter. Shareholding and promoter group composition remain unchanged for now, so there is no direct impact on the stock price or shareholder structure.