18 promoter group members seek reclassification to public category; board to consider on 13 November 2026
United Textiles Ltd has received requests from 18 members of its Promoter/Promoter Group to be reclassified as 'Public' shareholders under Regulation 31A.
By ScoutQuest · · 3 min read
- Number of applicants
- 18 members of Promoter/Promoter Group
- Largest applicant holding
- Amit Kumar Aggarwal with 17,200 equity shares (0.57%)
- Board meeting date
- Friday, 13 November 2026
What has been announced
United Textiles Ltd has informed BSE that it has received requests/applications from certain members of its Promoter/Promoter Group seeking reclassification of their status from the 'Promoter/Promoter Group' category to the 'Public' category, in accordance with Regulation 31A of the SEBI LODR Regulations. These are requests received by the company; the reclassification itself is yet to be decided.
Who has applied
The update lists 18 applicants. Their disclosed holdings are:
- A.K. Agarwal (HUF): 0 equity shares, 0.00%
- Amit Kumar Aggarwal: 17,200 equity shares, 0.57%
- Anand Kumar Agarwal: 100 equity shares, 0.00%
- Arun Kumar Aggarwal: 100 equity shares, 0.00%
- Ashok Kumar Agarwal: 5,700 equity shares, 0.19%
- Shalini Aggarwal: 100 equity shares, 0.00%
- Shiv Kumar Agarwal: 100 equity shares, 0.00%
- Brij Bala, Pushpa Agarwal, Sumit Agarwal, Sushila Agarwal, Vikas Kumar Aggarwal, Vinod Kumar Agarwal, Vinod Kumar Agarwal HUF, Naresh Kumar Aggarwal, Maina Rani, Flora Bell Dkhar and Sayeedullan Nongrum: 0 equity shares, 0.00% each.
What each applicant has certified
- They and their related persons do not together hold more than 10% of the total voting rights of the company.
- They do not exercise control over the affairs of the company, directly or indirectly, and are not involved in day-to-day affairs.
- They hold no special rights through formal or informal arrangements, including shareholder agreements.
- They are not represented on the board of directors (including through a nominee director) and are not acting as a key managerial person.
- They are not a 'wilful defaulter' under RBI guidelines and are not fugitive economic offenders, and there is no pending regulatory action against them or related persons.
- As on date, they and their related persons do not together hold more than 1% of the total voting rights.
- They will continue to meet the specified conditions at all times after reclassification; on non-compliance they would be reclassified back to the 'Promoter Group' category.
- Certain conditions must be complied with for a period of not less than three years from the date of reclassification.
What happens next
The company has received the requisite requests/declarations and these shall be considered by the Board of Directors at its meeting scheduled to be held on Friday, 13 November 2026. The company states it will undertake the necessary steps in compliance with Regulation 31A.
Deceased persons in promoter group records
The company's existing Promoter/Promoter Group records also include two persons who are deceased:
- Late Ms. Pushpa Agarwal: Nil equity shares held, date of death 12 July 2023.
- Late Mr. Shiv Kumar Agarwal: 100 equity shares held, date of death 04 April 2010.
The company has taken note of this position and, in relation to the 100 equity shares standing in the name of Late Mr. Shiv Kumar Agarwal, is taking necessary steps in coordination with its Registrar and Share Transfer Agent for completion of requisite formalities and updating of records.
How to read this
A reclassification changes how a set of shareholders is counted in the shareholding pattern: shares move from the promoter/promoter group block to the public block. The applicants here are mostly nil or very small holders, and each has certified that they hold not more than 1% along with related persons and are not involved in control or management. The final decision rests with the Board, and the process is to be carried out under Regulation 31A.
Also from United Textiles
Board meeting on 13 November 2026 to take on record unaudited quarterly results
21 Oct 2026
More numbers
- Amit Kumar Aggarwal - equity shares held17,200
- Amit Kumar Aggarwal - shareholding0.57%
- Ashok Kumar Agarwal - equity shares held5,700
- Ashok Kumar Agarwal - shareholding0.19%
- Anand Kumar Agarwal - equity shares held100
- Number of applicants listed for reclassification18
- Maximum holding of applicants plus related persons1%
- Period for which specified post-reclassification conditions applythree years
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