Advanced Enzyme Technologies Limited has received a request from Snehal Shamsunder Soni, a member of the ‘Promoter Group’, to reclassify their shareholding to the ‘Public’ category. This request is made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The individual holds 15,000 equity shares, representing 0.01% of the total shareholding. The reclassification is subject to the approval of the Board of Directors and the Stock Exchanges.
Promoter Group Reclassification Request
Advanced Enzyme Technologies Limited announced on October 20, 2026, that it has received a formal request for reclassification from its ‘Promoter Group’ category to the ‘Public’ category for a shareholder. The request was submitted by Snehal Shamsunder Soni, who currently holds 15,000 equity shares, constituting 0.01% of the company’s total shareholding.
Regulatory Basis and Shareholder Undertakings
The reclassification request is being processed under Regulation 31A of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The requesting shareholder, Snehal Shamsunder Soni, has provided an undertaking stating that they are not involved in management decisions, do not exercise control over the company’s affairs, and do not hold special rights or board representation. The request also confirms adherence to the definition of ‘persons related’ and confirms they are not acting as a Key Managerial Person or a ‘wilful defaulter’.
Conditions for Reclassification
The shareholder has further confirmed that upon approval and reclassification to the ‘Public’ category, they will continue to comply with the stipulated conditions under SEBI regulations. This includes adherence to sub-clauses (i), (ii), and (iii) of clause (b) of Regulation 31A(3) of the SEBI Listing Regulations. Additionally, they undertake to comply with sub-clauses (iv) and (v) for a period of not less than three years from the date of reclassification, and confirm no violation of SEBI circulars or delisting regulations. The reclassification is contingent upon consideration and approval from the Board of Directors and the relevant Stock Exchanges.
Source: BSE
