The Board of Directors at Aarti Industries Limited has approved the reclassification of promoter Ms. Ratanben Premji Gogri from the ‘Promoter Group’ category to the ‘Public’ category shareholder. This significant decision, made during a meeting on July 30, 2026, is in compliance with SEBI (LODR) Regulations, 2015. The reclassification is subject to the approval of the stock exchanges. The affected shares represent 0.38% of the total issued share capital.
Board Resolution on Shareholder Category Change
Aarti Industries Limited announced on July 30, 2026, that its Board of Directors has formally approved a request for the reclassification of a promoter shareholder. Ms. Ratanben Premji Gogri, previously categorized under the ‘Promoter Group,’ will now be reclassified as a ‘Public’ category shareholder. This decision aligns with the requirements stipulated under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of Reclassified Shares
The reclassification pertains to 13,77,330 shares held by Ms. Ratanben Premji Gogri. These shares constitute 0.38% of the company’s total issued share capital. The Board’s approval is a crucial step in adjusting the ownership structure in accordance with regulatory mandates. The company has indicated that this reclassification is contingent upon obtaining necessary approvals from the designated stock exchanges, namely the BSE and the NSE.
Board Meeting and Next Steps
The decision was finalized during a Board of Directors’ meeting that commenced at 02:15 p.m. and concluded at 06:30 p.m. on the same day. Aarti Industries Limited will proceed with the necessary filings and actions to ensure compliance with all applicable listing regulations following the stock exchanges’ consent. The company previously intimated a similar subject on June 3, 2026.
Source: BSE
