Aptech Limited has received a work order worth ₹9.92 crore from a state government body to conduct Computer-Based Examinations. The disclosure, made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, follows a prior disclosure dated December 13, 2024, and adds further detail to the company's growing engagement with government institutions in the domestic market.

Order Details

The following table outlines the key parameters of the newly secured work order:

Contract Terms and Scope

Under the contract, Aptech has been tasked with conducting Computer-Based Examinations on behalf of the state government body. The key terms and conditions of the contract include the following:

• Aptech is required to submit the final list of exam cities and exam centres — already audited by the said body — along with the number of seats, to the state government body.
• The work to be carried out by Aptech must ensure the exam is conducted as per the Request for Proposal (RFP) and Master Service Agreement (MSA).
• The contract includes specific terms and conditions, a statement of work, respective deliverables, a Service Level Agreement, and defined payment terms.

The exam is estimated to start from May 2026, and the contract is classified as a domestic engagement with no related party interest.

About Aptech

Aptech is a pioneer in the non-formal vocational training business in India with a significant global presence. Since its commencement in 1986, the company has grown to over 1,000 centres globally, operating across diverse sectors including IT training, media and entertainment, retail and aviation, beauty and wellness, banking and finance, and the pre-school segment. Aptech operates through two main business streams — Individual Training and Enterprise Business Group — serving students, professionals, universities, and corporates.

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.