Aptech Limited has received a formal request for reclassification of shareholding from the Promoter Group category to Public category under SEBI regulations. The company intimated both BSE and NSE about this development on April 30, 2026.

Reclassification Request Details

Mr. Utpal Sheth, currently classified under the Promoter Group category, has submitted a request dated April 29, 2026, seeking reclassification to the Public category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rationale for Reclassification

In his request letter, Mr. Sheth stated that his shareholding in the company is purely in the nature of an investment and does not confer any control or influence over the company's affairs. He emphasized that he is not involved in management or day-to-day operations and has no role in the decision-making process.

Key Confirmations Provided

Mr. Sheth has confirmed compliance with all conditions specified under Regulation 31A, including:

• Does not hold more than 10% of total voting rights
• Exercises no control over company affairs, directly or indirectly
• Has no special rights through formal or informal arrangements
• Not involved in company management in any capacity
• Not a Key Managerial Personnel
• Not represented on the Board of Directors
• Has no direct or indirect influence over decision-making
• Will not exercise control over the company post-reclassification
• Not a wilful defaulter as per RBI Guidelines

Regulatory Process

The reclassification request will undergo a structured approval process as mandated by SEBI regulations. The company has stated that the request will be subject to analysis by the Board of Directors and approval from stock exchanges, along with other approvals, confirmations, and consents specified under Regulation 31A provisions.

Corporate Communication

The intimation to stock exchanges was signed by Shruti Laud, Company Secretary & Compliance Officer (Membership No. A38705), confirming the company's compliance with disclosure requirements under SEBI LODR Regulations. The formal documentation includes detailed correspondence between Mr. Sheth and the Board of Directors, outlining the complete regulatory framework for the reclassification process.

Aptech Limited has submitted its mandatory compliance certificate to stock exchanges for the quarter ended March 31, 2026, in accordance with SEBI regulatory requirements. The certificate demonstrates the company's adherence to securities dematerialization protocols during the specified period.

Regulatory Compliance Filing

On April 13, 2026, Company Secretary and Compliance Officer Shruti Laud filed the certificate with both BSE Limited and National Stock Exchange of India Limited. The submission fulfills the company's obligations under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Registrar Certification

KFin Technologies Limited, serving as the company's Registrar and Transfer Agent, issued the compliance certificate on April 04, 2026. Vice President Dnyanesh Gharote signed the certificate, confirming that all dematerialization requirements were properly fulfilled during the quarter.

The registrar certified that details of securities dematerialized during the quarter were furnished to all stock exchanges where Aptech's shares are listed. The certificate confirms that security certificates received for dematerialization were mutilated and cancelled after due verification, with depository names substituted in the registered owner records within the mandated 15-day timeframe.

Key Compliance Confirmations

The certificate provides several important confirmations regarding the company's securities handling:

• All dematerialization details were properly reported to relevant stock exchanges
• Security certificates were processed and cancelled following due verification procedures
• Depository name substitutions were completed within regulatory timelines
• No rematerialization requests were received during the quarter

Stock Exchange Communication

Aptech Limited maintains its listing on both major Indian stock exchanges. The company communicated with BSE Limited using scrip code 532475 and with National Stock Exchange of India Limited under the symbol APTECHT. Both exchanges received copies of the compliance certificate for their records and regulatory oversight.

The filing represents part of Aptech's ongoing commitment to maintaining transparency and regulatory compliance in its securities operations, ensuring proper governance of shareholder interests through established depositories and transfer mechanisms.