Reclassification of Shareholding28 March 2026 at 04:21 pm
Pet Plastics Ltd Receives Request for Promoter Reclassification to Public Category
AI Summary
Pet Plastics Ltd, in compliance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has received a request from promoter Ritesh Vijay Vakil to reclassify from the 'Promoter & Promoter Group' category to the 'Public' category. The request is subject to approval from the Board of Directors and BSE Limited, and compliance with the provisions of Regulation 31A. Vakil holds no equity shares and is not involved in the business or policy decisions of the Company. He confirms compliance with SEBI LODR Regulations and will continue to do so for three years post-reclassification.
Key Highlights
- Pet Plastics Ltd received a reclassification request from promoter Ritesh Vijay Vakil
- Vakil requests to be reclassified from 'Promoter & Promoter Group' to 'Public' category
- Request is subject to approval from the Board of Directors and BSE Limited
- Vakil holds no equity shares and is not involved in the Company's business or policy decisions
- Vakil confirms compliance with SEBI LODR Regulations for three years post-reclassification