NSEUpdates4d ago · 15 Sept 2026, 10:23 am
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Maha Rashtra Apex Corporation Limited · MAHAPEXLTD
✦ AI SummaryPromoter Reclassif.
Maha Rashtra Apex Corporation Limited has received approval from BSE and NSE for the reclassification of Mr. T Satish U Pai from Promoter to Public category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Maha Rashtra Apex Corporation Limited has informed the Exchange regarding 'Intimation of approval of Reclassification of Promoter under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.'.
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MAHAPEXLTD_15092026102233_NOC_from_exchange.pdf
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15/09/2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, “Exchange Plaza”,
Dalal Street, Bandra-Kurla Complex, Bandra (E),
Mumbai – 400001 Mumbai – 400051
Scrip Code: 523384 Scrip Code: MAHAPEXLTD
Dear Sir/ Madam,
Sub: Intimation of approval of Reclassification of Promoter under Regulation 31A of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.
Ref.: Application for reclassification of Mr. T Satish U Pai under Regulation 31A of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”).
Further to our intimation letter dated 10th April, 2026, regarding the receipt of request(s) for
reclassification from the ‘promoter and promoter group’ category to ‘public’ category shareholders,
we wish to inform you that the Company has received approval from BSE and NSE vide their respective
letters dated September 10, 2026, for reclassification of Mr. T. Satish U Pai from Promoter to Pubic
category.
Sr. No Name of Promoter No of shares held % of holding
seeking reclassification
1 Mr. T Satish U Pai 120 0%
The Approval letters received from BSE and NSE are enclosed herewith.
The above information is also available on the website of the Company
https://www.maharashtraapex.com/
Kindly take the same on record.
For Maha Rashtra Apex Corporation Limited
Arvind Ganesh Mallya
Company Secretary & Compliance Officer
Ref: NSE/LIST/COMP/MAHAPEXLTD/608/2026-2027 Date: September 10, 2026
The Company Secretary
Maha Rashtra Apex Corporation Limited (the Listed Entity')
3rd Floor, Front Wing, North Block, Manipal Centre,
Dickenson Road, Bangalore, Karnataka - 560042
Subject: No-objection letter for reclassification of Promoter(s) / Promoter Group(s) under Regulation 31A
of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir / Madam,
This is in reference to your application dated June 11, 2026, requesting a no-objection letter for the reclassification
of promoter group under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015.
Based on the submission made by the Listed Entity, the Exchange grants no-objection letter for the reclassification
application dated June 11, 2026, for the following promoter group in accordance with Regulation 31A of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
Sr. No. Promoter Group
1. T Satish U Pai
You are required to ensure compliance with subsequent relevant disclosures of material events related to this
reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
Yours faithfully,
for National Stock Exchange of India Limited
Ajit Mahadik
Senior Manager – Listing Compliance
CC: National Securities Depository Limited Central Depository Services Limited
301, G-Block, Plot No. C-32, Naman Chambers, Marathon Futurex, A-Wing,
3rd Floor, Bandra Kurla Complex, Bandra East, 25th floor, NM Joshi Marg,
Mumbai, Maharashtra, 400051 Lower Parel, Mumbai - 400 073
This Document is Digitally Signed
Signed by: Ajit Dattaram Mahadik
Date: Thu, Sep 10, 2026 18:03:36 IST
Location: NSE