UFO Moviez India Ltd: Apollo Green Energy & Raaja Kanwar Seek Reclassification from 'Promoter/Promoter Group' to 'Public' Category

UFO Moviez India Ltd has received request letters from Apollo Green Energy and Raaja Kanwar, both part of the 'Promoter/Promoter Group' category, seeking reclassification to the 'Public' category. The request comes under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The applicants have confirmed satisfaction of all conditions prescribed for such reclassification. The Board of Directors will consider the request in its next meeting. The applicants have certified that they do not hold more than ten percent of the total voting rights, do not exercise control over the Company, and do not have any special rights. They also do not act as key managerial personnel, are not wilful defaulters, and are not fugitive economic offenders. No pending regulatory action is against them. They will comply with the conditions mentioned in Regulation 31A(3) of the Listing Regulations.