United Textiles Ltd: Board Approves Promoter Reclassification
United Textiles Ltd announced that its Board of Directors, in a meeting held on November 13, 2026, considered and approved in principle the reclassification of certain Promoter/Promoter Group members to the Public category. This approval is subject to fulfilling all prescribed conditions and obtaining necessary no-objection from BSE Limited. The Board reviewed applications, declarations, and undertakings, and found the proposed reclassification to be in accordance with SEBI regulations. The total shareholding of the applicants seeking reclassification is 23,200 shares, representing 0.76% of the total paid-up share capital. The Board also noted the status of deceased shareholders, Late Ms. Pushpa Agarwal and Late Mr. Shiv Kumar Agarwal, and will address their records separately.
Key Highlights
- Board approved reclassification of promoter group members to public.
- Approval is subject to SEBI regulations and BSE no-objection.
- Total shares for reclassification amount to 0.76% of total equity.
- Board reviewed applications and supporting documents.
- Formal reclassification requires further approvals and compliance.
Price Impact
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