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Other Financial Services
Promoter Reclassification15 Sept 2026, 10:29 am

Maha Rashtra Apex: Promoter T Satish U Pai Reclassified to Public

AI Summary

Maha Rashtra Apex Corporation Ltd announced that the BSE and NSE have approved the reclassification of Mr. T Satish U Pai from the promoter category to the public category. This approval, effective from September 10, 2026, follows an application made on April 10, 2026, and a request dated June 11, 2026, under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Pai held 120 shares, representing 0% of the total holding, prior to this reclassification. The company is required to ensure compliance with subsequent disclosure requirements related to this change.

Key Highlights

  • Mr. T Satish U Pai reclassified from promoter to public.
  • Approval received from BSE and NSE on September 10, 2026.
  • Reclassification is under SEBI LODR Regulations, 2015.
  • Company to ensure compliance with disclosure norms.