Promoter Reclassification20 May 2026, 11:36 am
Centerac Tech: Promoter Group Seeks Reclassification
AI Summary
Centerac Technologies Ltd has received requests from members of its promoter group, including Mr. Sanjiv Khandelwal, to be reclassified as 'Public' category shareholders. This follows a reduction in shareholding by Mr. Khandelwal. The requests will be reviewed by the Board of Directors on May 22, 2026, and are subject to BSE approval. The promoters seeking reclassification collectively hold a small percentage of shares in the company.
Key Highlights
- Centerac Technologies received reclassification requests from promoter group members.
- Requests follow shareholding reduction by Mr. Sanjiv Khandelwal.
- Board to consider requests on May 22, 2026, pending BSE approval.
- Promoters seeking reclassification cite reduced shareholding and lack of management control.
- Affected promoters collectively hold a minor percentage of company shares.
Price Impact
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