UFO Moviez India Limited: Shareholders Approve Promoter Reclassification
UFO Moviez India Limited shareholders approved the reclassification of Apollo Green Energy Limited and Mr. Raaja Kanwar from Promoter/Promoter Group to Public Category. The resolution passed with 96.84% in favour. The postal ballot remote e-voting concluded on April 17, 2026.
The reclassification of promoters to public category can have implications on shareholding patterns and future corporate actions, hence a medium impact.
The shareholders' approval of the resolution indicates a positive outcome for the company's proposed reclassification, which is likely to streamline its corporate structure.
UFO Moviez India Limited announced the outcome of its postal ballot, initiated via remote e-voting, concerning the reclassification of certain members of the Promoter/Promoter Group to the Public Category. The resolution sought approval for reclassifying Apollo Green Energy Limited, holding 22,66,417 shares (5.84%), and Mr. Raaja Kanwar, holding 12,500 shares (0.03%), representing a total of 22,78,917 shares or 5.87% of the total shares.
The postal ballot process, which commenced with a notice dated March 12, 2026, and remote e-voting from March 19, 2026, to April 17, 2026, concluded with the announcement of the results on April 18, 2026. Mr. Vicky M. Kundaliya, Practicing Company Secretary, was appointed as the scrutinizer for the process.
The shareholders have overwhelmingly approved the resolution with the requisite majority. Out of the total valid votes polled, 96.8383% were in favour, and 3.1617% were against the resolution. The company confirmed that persons related to the promoters and promoter group were disabled from voting on this resolution. The Board of Directors had appointed Mr. Kundaliya on March 12, 2026, and he submitted his report on April 18, 2026.
What to do with a filing like this
UFO Moviez India Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. 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.