Please find attached our letter dated June 2, 2026 with regard to the approval received from BSE Limited for Reclassification of the Outgoing Promoters.
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BSE Limited has approved the reclassification of two promoter entities, Honcho Trading Private Limited and Chivas Trading Private Limited, from the 'Promoter and Promoter Group' category to the 'Public Category' of Utique Enterprises Ltd. The approval was granted on June 1, 2026 under Regulation 31A of the SEBI (LODR) Regulations, 2015. The company had originally applied for this reclassification on August 22, 2025. The company has been asked to ensure compliance with subsequent disclosure requirements related to this reclassification.
This reclassification reduces the size of the company's promoter group and moves these two entities into the public shareholder pool, which changes the shareholding structure. For investors, it signals a deliberate step by the outgoing promoters to exit the promoter fold, which could affect governance and the public float of the stock going forward.