Corporate Action6 Feb 2026, 04:34 pm
Universal Starch Chem Allied Ltd Receives Request for Re-classification from Promoter to Public Category
AI Summary
Universal Starch Chem Allied Ltd has received a request for re-classification of shareholding from 'Promoter / Promoter Group' category to 'Public' category under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The request is from Jayendrasinh K. Desai, who holds 1.50% of the paid-up share capital. Desai confirms that he does not reside in India, has no involvement in the management, operations, or day-to-day affairs of the Company, and holds the shares only in the capacity of a shareholder. The re-classification is subject to the approval of the Board of Directors and the Stock Exchange.
Key Highlights
- Universal Starch Chem Allied Ltd received a request for re-classification of shareholding from 'Promoter / Promoter Group' category to 'Public' category.
- The request is from Jayendrasinh K. Desai, who holds 1.50% of the paid-up share capital.
- Desai confirms that he does not reside in India, has no involvement in the management, operations, or day-to-day affairs of the Company, and holds the shares only in the capacity of a shareholder.
- The re-classification is subject to the approval of the Board of Directors and the Stock Exchange.
- Desai agrees to comply with the conditions mentioned in Regulation 31A(3) of SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015 for a period of not less than three years from the date of reclassification.
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