
Promoter Reclassification21 May 2026, 12:47 pm
Aptech: Utpal Sheth Reclassification from Promoter to Public
AI Summary
Aptech Ltd's Board approved the reclassification of Mr. Utpal Sheth from the "Promoter Group" to the "Public" category, subject to shareholder and regulatory approvals. The decision was made during the Board meeting held on May 20, 2026, based on Mr. Sheth's request and confirmation that he no longer holds a managerial position or exerts control over the company, complying with Regulation 31A of SEBI LODR Regulations. Mr. Sheth retired as Director on September 19, 2025, and currently holds 1.57% of the company's paid-up equity share capital.
Key Highlights
- Aptech Board approved Utpal Sheth's reclassification to 'Public' category.
- Reclassification is subject to shareholder and regulatory approvals.
- Utpal Sheth holds 1.57% of Aptech's equity and retired as Director in 2025.
- Reclassification complies with SEBI LODR Regulations.
- Sheth confirmed he doesn't hold managerial position or control.
Price Impact
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