Promoter Reclassification8 Jun 2026, 11:00 am
Maha Rashtra Apex Corp Board Approves Promoter Reclassification
AI Summary
Maha Rashtra Apex Corporation Ltd's Board of Directors has approved the reclassification request of Mr. T Satish U Pai from 'Promoter' to 'Public' category. This decision, made on June 8, 2026, aligns with Regulation 31A of SEBI (LODR) Regulations, 2015. Mr. Pai holds 120 shares (0% holding) and does not influence the company's management or policy decisions. The reclassification is subject to stock exchange approval from BSE Limited and NSE Limited. Shareholder approval is not required as Mr. Pai holds less than 1% of the total voting rights.
Key Highlights
- Board approved reclassification of T Satish U Pai from Promoter to Public.
- Reclassification is under SEBI LODR Regulation 31A.
- Mr. Pai holds 120 shares (0% holding).
- Reclassification subject to stock exchange approval.
- Shareholder approval not required due to <1% holding.
Price Impact
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