Advanced Enzyme Technologies Limited has received requests from several promoter group members, including Savita Chandrakumar Rathi, Piyush Chandrakumar Rathi, Radhika Ashish Pujara, Advenza Global Limited, and Atharva Green Ecotech LLP, for reclassification from the ‘Promoter Group’ to the ‘Public’ shareholder category. This move, initiated under Regulation 31A of SEBI LODR Regulations, 2015, is subject to board and stock exchange approvals. The applicants have confirmed they hold no equity shares or voting rights and do not exercise control over the company’s affairs.
Promoter Group Seeks Public Shareholder Status
Advanced Enzyme Technologies Limited announced on September 5, 2026, that it has received formal requests from several entities and individuals within its promoter group seeking reclassification to the ‘Public’ category of shareholders. This transition is governed by Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The requests were submitted on September 2, 2026, and received by the company on September 4, 2026. The individuals and entities initiating this request are:
- Savita Chandrakumar Rathi
- Piyush Chandrakumar Rathi
- Radhika Ashish Pujara
- Advenza Global Limited
- Atharva Green Ecotech LLP
Declarations from Reclassifying Shareholders
Each applicant has provided declarations confirming their adherence to the criteria for reclassification. These declarations include statements that they:
- Do not hold any equity shares or voting rights in the company.
- Do not exercise direct or indirect control over the company’s affairs.
- Are not involved in the management or day-to-day operations of the company.
- Possess no special rights through any formal or informal arrangements.
- Are not represented on the Board of Directors or as Key Managerial Personnel.
- Are not acting as promoters or holding themselves out as such.
- Are not acting in concert with existing promoters or promoter groups.
- Have no direct or indirect control or influence over the management or affairs of the company.
- Are not otherwise disqualified from reclassification under applicable SEBI LODR Regulations or any other law.
Approval Process
The reclassification requests are now subject to consideration and approval by the Board of Directors of Advanced Enzyme Technologies Limited. Further, the approval of the stock exchanges and adherence to other applicable conditions specified under Regulation 31A of the SEBI Listing Regulations are mandatory. The company is expected to undertake all necessary corporate, regulatory, and procedural actions for this transition.
Source: BSE
