Advanced Enzyme Technologies Ltd has received requests from two members of its promoter group seeking reclassification from the 'Promoter Group' to the 'Public' shareholder category. The requests, dated October 6, 2026, were submitted under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The individuals involved are Sunil Ramdayal Attal and Megha Jhawar. They hold a combined 9,000 equity shares, representing a negligible fraction of the company's total shareholding. The reclassification is subject to approval by the Board of Directors and compliance with conditions specified by stock exchanges.

Rationale for reclassification

Both applicants stated that they were classified as Promoter Group members solely because they received equity shares on a gift basis from existing promoters. In their submissions, they affirmed that they do not participate in management decisions or exercise control over the company's strategic affairs.

Key undertakings provided by the applicants include:

• Neither holds more than 10% of total voting rights when combined with related persons.
• No representation on the Board of Directors or role as Key Managerial Personnel.
• No special rights through formal or informal shareholder agreements.
• Compliance with lock-in periods and other regulatory conditions for three years post-reclassification.

Regulatory framework

Regulation 31A allows for the reclassification of promoter group members if they meet specific criteria regarding control and shareholding limits. The applicants confirmed they are not wilful defaulters as per RBI guidelines nor fugitive economic offenders. The process requires continued adherence to conditions outlined in Regulation 31A(3) to maintain their status as public shareholders.

Advanced Enzyme Technologies Ltd has received a revised request from Radhika Ashish Pujara, a member of its Promoter Group, seeking reclassification to the Public category. The request was submitted on September 28, 2026, and received by the company on September 29, 2026.

This development follows an earlier intimation dated September 5, 2026. The reclassification is sought under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the request remains subject to approval by its Board of Directors and the stock exchanges.

Reclassification details

Radhika Ashish Pujara currently holds no equity shares in the company. Her shareholding percentage is also nil. The following table outlines her current status:

Declarations made

In her letter to the Board of Directors, Pujara confirmed that she does not hold any equity shares or voting rights in the company. She further declared that she does not exercise control over the affairs of the company, either directly or indirectly. Key points from her declaration include:

• She is not involved in the management or day-to-day affairs of the company.
• She holds no special rights through any formal or informal arrangement, including shareholder agreements.
• She is not represented on the Board of Directors and is not a Key Managerial Personnel.
• She is not acting as a promoter or holding herself out as one.
• She is not acting in concert with existing Promoters or the Promoter Group.
• There are no circumstances allowing her to exercise control or influence over the company's management.
• She is not a wilful defaulter as per Reserve Bank of India guidelines nor a fugitive economic offender.

Pujara requested the Board to initiate the process for her reclassification and undertake all necessary corporate and regulatory actions, including applications to stock exchanges. The company signed the intimation via Sanjay Basantani, Company Secretary and Head-Legal.