Centerac Technologies Limited has formally applied to BSE Limited seeking a no-objection for the reclassification of six promoter group members to the public category. The application, submitted on May 26, 2026, follows earlier communications dated May 20, 2026, and May 22, 2026, and is made in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background and Basis for Reclassification

The reclassification process was initiated following a reduction in shareholding by Sanjiv Khandelwal, who divested a substantial portion of his stake pursuant to a Share Purchase Agreement dated January 22, 2018. As a result, the concerned shareholders stated that they no longer exercise control over or participate in the management of the company. The shareholders have confirmed that neither they nor any persons related to them hold more than 10% of the total voting rights, exercise control over the company's affairs, or hold any special rights. They have also confirmed that none of them are classified as willful defaulters or fugitive economic offenders.

Shareholders Seeking Reclassification

The following six members of the promoter group have applied for reclassification from the 'Promoter Group' category to the public category:

Next Steps

The company's Board of Directors had reviewed the reclassification requests at its meeting held on May 22, 2026. Following board approval, Centerac Technologies submitted the formal no-objection application to BSE Limited on May 26, 2026. The reclassification is intended to align the shareholder category with the current status of these individuals in relation to the company. The intimation was signed by Shweta Sarraf, Company Secretary and Compliance Officer of Centerac Technologies Limited.

Centerac Technologies Limited has published its audited financial results for the quarter and year ended March 31, 2026, in newspapers on May 26, 2026. The Board of Directors approved the results during a meeting held on May 22, 2026. The company reported a net profit of ₹2.99 lacs for the financial year, compared to a net loss of ₹23.29 lacs in the previous year. For the quarter ended March 31, 2026, the company achieved a net profit of ₹20.59 lacs, a significant turnaround from the net loss of ₹7.17 lacs recorded in the preceding quarter ended December 31, 2025.

Financial Performance

Total income from operations for the year stood at ₹74.27 lacs, up from ₹21.54 lacs in the prior year. Quarterly income surged to ₹40.81 lacs from ₹21.44 lacs in the third quarter. The company's equity share capital remained constant at ₹110.35 lacs. Earnings per share (basic) for the year was ₹0.03, compared to a loss of ₹0.21 in the previous year.

Operational Highlights and Compliance

The audit as required under Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 has been completed, and the auditors expressed a modified conclusion. The results were prepared in accordance with Indian Accounting Standards. The full format of the financial results is available on the websites of the stock exchanges and the company.