Aptech Limited received a request from promoter group member Utpal Sheth for reclassification to public category.
Sheth holds 908,000 equity shares (1.57% stake) and claims no control over company management.
The request is made under SEBI LODR Regulation 31A and requires board and stock exchange approvals.
Sheth confirms he meets all regulatory conditions including not being a wilful defaulter per RBI guidelines.