StockWatch
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Other Financial Services
Corporate Action5 Feb 2026, 06:12 pm

Kartik Investments Trust Ltd Approves Algavista Greentech Private Limited's Re-Classification Request

AI Summary

Kartik Investments Trust Ltd has informed the receipt of a request for re-classification from M/s. Algavista Greentech Private Limited (AGPL) from the 'Promoter Group' category to the 'Public' category. The Board of Directors considered the request at their meeting on 5 February, 2026 and approved the re-classification after confirming AGPL's eligibility as per Regulation 31A(3)(b) of the Listing Regulations. The re-classification is subject to the receipt of no-objection from BSE Limited. AGPL has undertaken to comply with the requirements specified in Regulation 31A(4) of the Listing Regulations at all times.

Key Highlights

  • Kartik Investments Trust Ltd received a re-classification request from Algavista Greentech Private Limited (AGPL).
  • The Board of Directors considered and approved the request at their meeting on 5 February, 2026.
  • AGPL's re-classification is subject to BSE Limited's no-objection.
  • AGPL has undertaken to comply with Regulation 31A(4) of the Listing Regulations.
  • The re-classification will be from 'Promoter Group' to 'Public' category.