Please find attached our letter dated June 2, 2026 with regard to the approval received from BSE Limited for Reclassificatin of of the Outgoing Promoters.
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BSE has approved the reclassification of two outgoing promoters — Honcho Trading Private Limited and Chivas Trading Private Limited — from the 'Promoter and Promoter Group' category to the 'Public Category' under SEBI Regulation 31A. The company had applied for this reclassification on August 22, 2025, and BSE granted its no-objection on June 1, 2026. This effectively reduces the promoter group of Utique Enterprises. The company is required to make further disclosures related to this reclassification as per SEBI LODR norms.
The promoter group of Utique Enterprises is shrinking, with two entities moving to the public fold. This does not change the total shareholding immediately but reshapes how the shareholding is classified and may affect promoter-held percentage and governance optics going forward.