T Satish U Pai requests reclassification from promoter to public category, citing minimal 120-share (0%) holding and no control over Maha Rashtra Apex Corporation.
The request is made under SEBI LODR Regulation 31A, citing erroneous promoter classification in recent Rights Issue Letter of Offer.
Company intimates stock exchanges and will place the request for Board consideration in the next meeting as per regulatory procedure.