Ultramarine & Pigments: Promoter Group Seeks Reclassification to Public

Ultramarine & Pigments Ltd has received requests from promoter group members, Narayan Santhanam and Deepa Ajay, for reclassification to public shareholders under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Narayan Santhanam holds 2,59,000 shares (0.89% of paid-up capital) and Deepa Ajay holds 51,000 shares (0.17%). The company will undertake necessary steps in compliance with the regulations. This move signifies a potential shift in the company's shareholding structure.