AEAdvanced Enzyme Technologies540025Reclassification update

Promoter group member requests reclassification to public category under Regulation 31A

Advanced Enzyme Technologies has received a request from Snehal Shamsunder Soni, a Promoter Group member holding 15,000 equity shares (0.01%), to be reclassified as a public shareholder.

By ScoutQuest · Tue 20 Oct 2026, 5:22 PM IST · 2 min read

Shares involved

15,000 equity shares

Stake in company

0.01%

Regulatory basis

Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

What the company told the exchanges

• Advanced Enzyme Technologies informed BSE and NSE that it received a request dated October 07, 2026, received on October 20, 2026, from Snehal Shamsunder Soni.
• She is currently in the Promoter Group category and has asked to be moved to the Public category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• The shareholding involved is 15,000 equity shares, or 0.01%.

Why she says she should be reclassified

• She states she received the shares on a gift basis from an existing promoter/promoter group member, and that this is the only reason she was placed in the Promoter Group.
• She states she is not engaged in management decisions and does not exercise control over the affairs of the company, including strategic decision making.
• She confirms she has no special rights through formal or informal arrangements, including shareholder agreements, is not represented on the Board (including as a nominee director), and is not acting as a Key Managerial Person.
• She also confirms she is not a wilful defaulter under Reserve Bank of India guidelines and not a fugitive economic offender.

Conditions she has undertaken

• She and persons related to her together do not hold more than ten percent of the total voting rights of the company.
• If reclassified, she will keep complying with the conditions on shareholding limits, control and special rights at all times from the date of reclassification.
• She will also comply with the further conditions specified for a period of not less than three years from the date of reclassification, failing which she would be reclassified back as a promoter/person belonging to the promoter group.
• She states she is not in violation of the restrictions under the SEBI circular dated August 01, 2017, nor of Regulation 34 of the SEBI (Delisting of Equity Shares) Regulations, 2021.

What happens next

• The company states the request is subject to consideration/approval as may be required of the Board of Directors, the stock exchanges and other applicable conditions under Regulation 31A.
• So the categorisation has not changed yet; what has been shared is the receipt of the request together with a copy of it.

How to read this

• Reclassification shifts a set of shares from the promoter group category to the public category. It does not, by itself, change the total number of shares the company has issued.
• Because the stake involved is 0.01%, the arithmetic effect on the promoter group's aggregate holding is small if the request is approved.
• Investor attention usually goes to two things: the Board's and exchanges' decision, and any later disclosure confirming the new category.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev