Advanced Enzyme Technologies540025Reclassification update

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

Advanced Enzyme Technologies has received a request from promoter group member Pratik Prakash Kokane to move from the 'Promoter Group' category to the 'Public' category under Regulation 31A.

By ScoutQuest · Mon 19 Oct 2026, 5:27 PM IST · 2 min read

0.01%Shareholding of the requesting member in the company

Shareholding of the requesting member in the company: 0.01%.

Shares involved in reclassification: 10,000 equity shares
Shareholding percentage: 0.01%
Conditions compliance period after reclassification: not less than three years

What the company told the exchanges

Advanced Enzyme Technologies Ltd has informed BSE and NSE that it received a request dated October 15, 2026 (received by the company on October 19, 2026) from a promoter group member, Pratik Prakash Kokane, 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.

Size of the holding

Equity shares held: 10,000
Shareholding: 0.01% of the company

Why the request was made

In his letter to the Board, Kokane states that he received the equity shares on a gift basis from an existing promoter/promoter group member, and that this is why he was classified as a promoter group member. He says he is neither engaged in management decisions nor does he exercise 'control' over the affairs of the company, including its strategic decision making.

Undertakings given by the requesting member

He and his 'persons related' together do not hold more than ten percent of the total voting rights in the company
He does not exercise control over the affairs of the company, directly or indirectly
He has no special rights through formal or informal arrangements, including shareholder agreements
He is not represented on the Board of Directors, including as a nominee director
He is not acting as a Key Managerial Person
He is not a 'wilful defaulter' under Reserve Bank of India guidelines and not a fugitive economic offender

Commitments if the reclassification is approved

Certain conditions are to be complied with at all times from the date of reclassification
Certain other conditions are to be complied with for a period of not less than three years from the date of reclassification
If these are not met, he would be reclassified back as promoter / person belonging to the promoter group

What happens next

The request is subject to consideration and approval as may be required of the Board of Directors of the company, the stock exchanges, and other applicable conditions under Regulation 31A. The update does not state a timeline for this process.

What this means in simple terms

Shares are grouped into 'promoter' and 'public' categories for regulatory purposes. This update is a request to shift 10,000 shares (0.01%) from the promoter group side to the public side.
If approved, the promoter group's shareholding would reduce by that amount and public shareholding would rise by the same amount. The total number of shares in the company does not change.
The small size of the holding (0.01%) is relevant context when judging how much this can matter.
Approval is not automatic; the Board and the stock exchanges have to consider the request.

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