Promoter Group Status Change: Payal Upadhyay Seeks Public Shareholder Classification at Antelopus Selan Energy
Antelopus Selan Energy Ltd. is undergoing a shareholder status review following a request made by Ms. Payal Upadhyay for reclassification from Promoter Group to Public category. The matter was addressed in the company’s Board of Directors meeting on July 27, 2026.Ms. Payal Upadhyay sought the change in classification based on her current involvement and holdings within the company. As of the date of the request, she holds 166 equity shares in Antelopus Selan Energy Ltd., which accounts for 0.001% of the total voting rights in the Company.
Ms. Upadhyay stated that the rationale behind her request is that she has no role to play in the affairs of the company and holds no special pecuniary or other interest directly or indirectly.
The reclassification request included detailed affirmations regarding compliance requirements. The status of Ms. Payal Upadhyay was summarized as follows:
| Requirement | Status Confirmation |
|---|---|
| Holding Limit (Direct/Indirect) | Holds 166 equity shares (0.001% of total voting rights) |
| Control of Company Affairs | Not controlling the affairs directly or indirectly |
| Special Rights | No special rights through formal or informal arrangements |
| Board Representation | No representation on the Board of Directors |
| Key Managerial Personnel | Not acting as a key managerial personnel in the company |
| Economic Status | Not a fugitive economic offender |
| Debt Default | Not a "willful defaulter" per RBI guidelines |
In addition to the current status, Ms. Upadhyay undertook to comply with specific conditions subsequent to her reclassification as a public shareholder. These commitments include maintaining compliance with holding limits (166 shares / 0.001%) and the non-control clauses for at least three years following the date of re-classification.
ANTELOPUS Stock Price Movement
As of 1:55 PM, shares of Antelopus Selan Energy Limited are slipping by 2.17% in live trading, currently priced at ₹875. The equity registered a total traded volume of 97,352 shares during the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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