Company Update

Utique Enterprises Limited's board has approved the reclassification of Honcho Trading Private Limited and Chivas Trading Private Limited from 'Promoter Group' to 'Public Shareholders.' This decision follows their confirmed zero equity shareholding and agreement not to exercise control, hold board seats, or serve as Key Managerial Personnel for at least three years.

The board stated this transition establishes Utique Enterprises as a professionally managed company with no identified promoters.

This significant shift in ownership structure is now awaiting stock exchange approval.