Promoter Reclassification22 May 2026, 01:26 pm
Centerac Tech: Promoter Reclassification Request Approved
AI Summary
Centerac Technologies Ltd's board approved the request for reclassification of certain promoter group members to the public category, subject to BSE approval. The decision was made in a board meeting held on May 22, 2026, after confirming that the promoters met the conditions specified under Regulation 31A of the SEBI LODR Regulations. The board also approved the audited financial results for the quarter and year ended March 31, 2026. The company declared non-applicability of Regulation 32 and provided details of outstanding qualified borrowings.
Key Highlights
- Board approves reclassification of certain promoter group members to public category.
- Reclassification is subject to BSE approval and compliance with SEBI LODR Regulations.
- Audited financial results for the quarter and year ended March 31, 2026, approved.
- Promoter group members seeking reclassification hold less than 10% shares.
- Company confirms compliance with minimum public shareholding requirements.
Price Impact
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