Aptech Limited has submitted applications to BSE Limited and National Stock Exchange of India Limited seeking approval for the reclassification of Mr. Utpal Sheth from the “Promoter Group” to the “Public” category. This submission, made on May 25, 2026, follows the Board of Directors' approval granted on May 20, 2026, pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification is subject to the approval of shareholders through a postal ballot and necessary regulatory clearances.

Shareholding and Conditions

As of April 29, 2026, Mr. Sheth held 9,08,000 equity shares, representing 1.57% of the paid-up equity share capital of the company. The Board confirmed that Mr. Sheth satisfies all necessary conditions for the reclassification, including that he does not hold more than 10% of the total voting rights, does not exercise control over the company’s affairs, and is not involved in its management.

Rationale for Reclassification

The request for reclassification stems from Mr. Sheth's retirement as a Director on September 19, 2025. Since his retirement, he has not been involved in the day-to-day affairs, management, or decision-making processes of the company. Mr. Sheth confirmed that he is not a wilful defaulter as per RBI guidelines and is not a fugitive economic offender. He has also agreed not to be represented on the Board or appointed as Key Managerial Personnel for a period of three years from the date of shareholder approval.

Regulatory Approvals

Ms. Shruti Laud, Company Secretary and Compliance Officer, along with any Director, was authorized to complete all necessary filings with the Stock Exchanges, SEBI, and other regulatory authorities to give effect to the resolution. The company stated that the information regarding this application is available on its website.

Aptech Limited has fixed May 28, 2026, as the record date to determine the eligibility of members entitled to receive the interim dividend for the financial year 2025-26. The announcement was made via a regulatory filing to the stock exchanges on May 22, 2026.

Record Date Details

The company has established the cutoff date in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates that companies inform the exchanges about the record date for corporate actions such as dividend payments.

Regulatory Compliance

The intimation serves as a formal communication to BSE Limited and the National Stock Exchange of India Limited. The notification confirms that the record date is finalized for the purpose of determining shareholders who qualify for the payout. The company had previously intimated the exchanges regarding this corporate action on May 20, 2026.