Dear Sir/ Ma''am, With reference to our application for reclassification dated 04.09.2024. We wish ti inform you that we got the approval for application of Promoter/ Promoter group ....
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Awaiting price reaction for this filing.
BSE has approved UTL Industries' application (originally filed on September 4, 2024) to reclassify 14 members of its promoter and promoter group into the public shareholder category, with the approval granted on June 13, 2025. Most of these individuals already held zero shares; only Parimal Rameshbhai Shah held 3,800 shares (0.001%) of the company. As a result, promoter holding has dropped from 3,800 shares (0.01%) to zero, while public holding has moved to 100% of the total 3,29,55,000 shares. This is a formal regulatory reclassification rather than a sale of shares, as no shares actually changed hands.
This is largely a procedural formality — the company's promoter shareholding was already negligible at 0.01%, so there is no meaningful change in control or float. Shareholders are unlikely to see any direct impact on stock price or ownership structure.