Advanced Enzyme Technologies540025Reclassification update

Four promoter group members seek reclassification to public category under Regulation 31A

Advanced Enzyme Technologies has received requests each dated October 15, 2026 from four Promoter Group members to be reclassified as "Public" category shareholders under Regulation 31A.

By ScoutQuest · Thu 15 Oct 2026, 5:41 PM IST · 3 min read

0.01%Jayesh Madhusudan Soni shareholding percentage

Jayesh Madhusudan Soni shareholding percentage: 0.01%.

Reclassification Requests: 4 Promoter Group members, requests each dated October 15, 2026
Jayesh Madhusudan Soni: 10,000 shares, 0.01%
Shruti Sharad Dhamdhere: 10,000 shares, 0.01%

What was announced

Advanced Enzyme Technologies Ltd has informed BSE and NSE that it has received requests, each dated October 15, 2026, from four members of its Promoter Group. They want to be reclassified from the "Promoter Group" category to the "Public" category of shareholders under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Copies of the individual requests form part of the update.

Who has asked, and what they hold

Jayesh Madhusudan Soni: 10,000 equity shares, 0.01%
Shruti Sharad Dhamdhere: 10,000 equity shares, 0.01%
Dhanyakumar Kishor Gadiya: 5,000 equity shares, 0.00%
Payal Akshay Kulkarni: Nil

Why they say they should be treated as public shareholders

Each request states that the person received equity shares of the company on gift from an existing promoter/promoter group member, and that this is why they were classified as a member of the Promoter Group. They state they are neither engaged in management decisions nor exercise control over the affairs of the company, including its strategic decision making.

Each request also contains confirmations and undertakings that

They, along with "persons related" to them, together do not hold more than ten percent of the total voting rights in the company
They do not exercise control over the affairs of the company, directly or indirectly
They do not have any special rights with respect to the company through formal or informal arrangements, including through any shareholder agreements
They are not represented on the Board of Directors, including as a Nominee Director
They are not acting as a Key Managerial Person in the company
They are not a "wilful defaulter" as per the Reserve Bank of India Guidelines
They are not a fugitive economic offender

Conditions they accept if reclassified

They will continue to comply with the conditions in sub-clauses (i), (ii) and (iii) of clause (b) of Regulation 31A(3) at all times from the date of reclassification, if approved
They will comply with the conditions in sub-clauses (iv) and (v) of clause (b) of Regulation 31A(3) for a period of not less than three years from the date of reclassification, if approved
If they fail to meet these conditions, they would be reclassified as promoter or a person belonging to the promoter group of the company
They state they are not in violation of the restrictions imposed by SEBI under its circular dated August 01, 2017, and are not in violation of Regulation 34 of the SEBI (Delisting of Equity Shares) Regulations, 2021

Where the request stands

The requests are subject to consideration and approval as may be required of the Board of Directors of the company, the stock exchanges and other applicable conditions specified under Regulation 31A.

How to read this

Classification decides how a holding is counted when the company reports its promoter and promoter group shareholding and its public shareholding. If approved, these holdings would move out of the promoter group and into the public category. The individual stakes involved here are small: 0.01%, 0.01%, 0.00% and Nil.

Also from Advanced Enzyme Technologies