UFO Moviez Gets No-Objection for Promoter Reclassification from Stock Exchanges
UFO Moviez India Limited received no-objection from BSE and NSE for reclassifying Apollo Green Energy Limited and Mr. Raaja Kanwar from 'Promoter' to 'Public' category. This approval aligns with SEBI LODR Regulations.
The reclassification of promoters to public category can lead to changes in corporate governance and potentially impact future strategic decisions or ownership structure, hence a medium impact.
The approval from stock exchanges for reclassification is a positive development for the company as it signifies regulatory compliance and potential changes in shareholding structure.
UFO Moviez India Limited has received a no-objection letter from both BSE Limited and the National Stock Exchange of India Limited for the reclassification of Apollo Green Energy Limited and Mr. Raaja Kanwar from the 'Promoter' and 'Promoter Group' categories to the 'Public' category. This approval is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously submitted requests for this reclassification on January 19, 2026, and January 30, 2026. The stock exchanges granted their no-objection for this application on March 04, 2026.
This disclosure is made in compliance with Regulation 31A(8)(d) of the SEBI LODR Regulations. UFO Moviez India Limited is required to ensure all subsequent disclosures related to this material event are made in accordance with the applicable provisions of the SEBI LODR Regulations.
What to do with a filing like this
UFO Moviez India Limited filed this with the NSE as a statutory disclosure, categorised under substantial acquisition of shares and takeovers. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by UFO Moviez India Limited. Read the original for the full detail.