Ultramarine & Pigments Board Approves Promoter Reclassification

Ultramarine & Pigments Ltd announced that its Board of Directors, in a meeting held on November 5, 2026, approved the application for reclassification of certain individuals from the 'promoter and promoter group' category to the 'public' category. This approval is in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification is subject to the final approval of the stock exchanges where the company's shares are listed, primarily BSE Limited. The individuals seeking reclassification, L. Narayan Santhanam and Deepa Ajay, collectively hold 0.89% and 0.17% of the company's paid-up share capital, respectively. They have confirmed they do not hold key managerial positions or participate in the company's management.