Reliance Chemotex Industries Limited has received a request from Nand Gopal Khaitan, currently classified as a promoter, seeking reclassification to the public category shareholder. This move comes as part of the company's compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Reclassification Request

Reasons for Reclassification

Khaitan has provided several reasons for his reclassification request:

1. Limited shareholding and control: He holds only 100 shares and states he never had control over the company's affairs, either directly or indirectly.
2. Professional capacity: Khaitan was appointed as a director in his professional capacity as a lawyer and senior partner of Khaitan & Co. law firm.
3. No special rights or control: He confirms that he and related persons:
   • Do not hold more than 10% of total voting rights
   • Do not exercise control over company affairs
   • Have no special rights
   • Are not represented on the board of directors
   • Are not key managerial persons

Compliance with SEBI Regulations

Khaitan has confirmed his compliance with Regulation 31A of the SEBI LODR Regulations, including:

• Not holding more than 10% of the total voting rights
• Not exercising control over the company's affairs
• Absence of any special rights or informal arrangements
• No representation on the company's board of directors
• Not acting as a key managerial person

He has also committed to continuing compliance with these conditions post-reclassification.

Next Steps

Reliance Chemotex Industries Limited has stated that it will:

1. Place this request before its Board of Directors in the upcoming board meeting
2. Inform stock exchanges of the outcome in compliance with applicable regulations

This reclassification request, if approved, would alter the company's shareholding structure and potentially impact its regulatory obligations. Shareholders and investors should monitor further announcements from the company regarding the outcome of this request.

Reliance Chemotex Industries Limited , a prominent player in the chemical industry, has announced a significant change in its senior management. The company's President, Mr. Hari Mohan Vashishth, has tendered his resignation, marking the end of his tenure with the organization.

Resignation Details

The company disclosed the following key information regarding Mr. Vashishth's departure:

Corporate Disclosure

In compliance with regulatory requirements, Reliance Chemotex Industries Limited has formally notified both the BSE Limited and the National Stock Exchange of India Ltd. about this senior management change. The company adhered to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) in making this announcement.

Additional Information

• The company's scrip code on BSE is 503162, while its trading symbol on NSE is RELCHEMQ.
• Reliance Chemotex Industries Ltd. is headquartered in Udaipur, Rajasthan, with its registered office and manufacturing unit located at Village Kanpur.
• The resignation letter from Mr. Hari Mohan Vashishth has been enclosed with the company's official communication to the stock exchanges.

This development marks a significant change in the leadership structure of Reliance Chemotex Industries Limited.