Advanced Enzyme Technologies Limited has received a request from a promoter group member, Pratik Prakash Kokane, for reclassification to the ‘Public’ shareholder category. This request is made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Kokane, holding 10,000 equity shares representing 0.01% of the total shareholding, states he does not exercise management control or possess special rights, having received shares as a gift.
Promoter Group Reclassification Request Received
Advanced Enzyme Technologies Limited announced on October 19, 2026, the receipt of a formal request from one of its promoter group members, Pratik Prakash Kokane, seeking reclassification from the ‘Promoter Group’ category to the ‘Public’ category of shareholders. This request is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of the Request
The request was officially dated October 15, 2026, and received by the company on October 19, 2026. Mr. Kokane currently holds 10,000 equity shares, which constitute 0.01% of the company’s total shareholding. He asserts that this reclassification is sought as he does not participate in management decisions or exercise control over the company’s affairs. He received the equity shares as a gift from an existing Promoter/Promoter Group member.
Undertakings and Conditions
In his request, Mr. Kokane provides an undertaking confirming that he and any ‘persons related’ to him do not hold more than ten percent of the total voting rights in the company. He further confirms that he does not exercise control over the company’s affairs, does not hold any special rights, is not represented on the Board of Directors, is not a Key Managerial Person, is not a ‘wilful defaulter’, and is not a fugitive economic offender. The reclassification, if approved by the Board of Directors and Stock Exchanges, will be subject to ongoing compliance with the specified SEBI regulations for a minimum of three years.
Source: BSE
