CIAN Agro Industries & Infrastructure Limited has scheduled a board meeting for April 02, 2026, to deliberate on a significant corporate restructuring initiative. The meeting will focus on considering and approving a draft scheme of amalgamation and arrangement under Sections 230-232 of the Companies Act, 2013.

Amalgamation Scheme Details

The proposed amalgamation scheme involves multiple entities that will be merged with CIAN Agro Industries & Infrastructure Limited. The comprehensive restructuring will affect both the companies and their stakeholders.

Companies Involved in Merger

The amalgamation scheme encompasses six private limited companies that will be merged with CIAN Agro Industries & Infrastructure Limited:

• Varron Aluminiumm Private Limited
• Sec-One Sales & Marketing Private Limited
• Vyankatesh Engineers & Contractors Private Limited
• Manas Power Ventures Private Limited
• Avenzer Electricals & Infrastructure Private Limited
• Manas Agro Industries & Infrastructure Limited

The scheme will also involve the respective shareholders and creditors of all participating entities.

Trading Window Closure

In compliance with the company's code of conduct, CIAN Agro Industries & Infrastructure Limited has announced a trading window closure for dealing in the company's securities. The restriction will be effective from April 01, 2026, and will continue until 48 hours after the declaration of the company's audited financial results.

Regulatory Compliance

The company has formally notified the Bombay Stock Exchange Limited about the scheduled board meeting through an official communication dated March 25, 2026. The notification was signed by Madhubala Dave, Company Secretary & Compliance Officer, ensuring proper regulatory compliance and transparency with stakeholders.

CIAN Agro Industries & Infrastructure Limited has formally submitted its application to BSE Limited for promoter reclassification under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The application, submitted on March 20, 2026, follows the board's approval granted during its meeting on March 19, 2026, for reclassifying 10 promoter entities from 'Promoter Group' to 'Public' category.

Board Meeting Outcomes and Regulatory Submission

The board meeting held on March 19, 2026, from 2:00 PM to 4:00 PM at the company's Nagpur corporate office, unanimously approved the reclassification requests submitted by 10 entities on March 13, 2026. Company Secretary Madhubala Dave confirmed that all applicants comply with conditions under Regulation 31A(3)(b) of SEBI (LODR) Regulations, 2015. Following the board approval, the company submitted the formal application to BSE on March 20, 2026, seeking no-objection approval for the proposed reclassification.

Promoter Reclassification Details

The reclassification involves 10 entities seeking to move from promoter status to public category, with all applicants demonstrating compliance with regulatory requirements including holding less than 10% voting rights and having no control over company affairs.

Regulatory Compliance Framework

The board confirmed that none of the applicants hold more than 10% of total voting rights, exercise control over company affairs, or have special rights through formal arrangements. All entities provided undertakings confirming they are not wilful defaulters per RBI guidelines, are not represented on the board, and do not serve as key managerial personnel. Since the promoters seeking reclassification collectively hold less than 1% of total voting rights, general meeting approval through ordinary resolution is not required under Regulation 31A(3)(vi)(a).

NSE Direct Listing Initiative

Alongside the reclassification initiative, the board also approved a direct listing proposal on the National Stock Exchange. This strategic move would list the company's equity shares on NSE without involving any public offer or additional share issuance, subject to NSE approval and compliance with other regulatory requirements.

Next Steps and Corporate Governance

With the formal application now submitted to BSE Limited, the reclassification process awaits no-objection approval from the exchange. Company Secretary Madhubala Dave has ensured compliance with Regulation 30(6) requirements by communicating the developments to BSE. Both the reclassification and NSE listing initiatives will significantly impact the company's ownership structure and market positioning, enhancing corporate governance and providing greater market access for stakeholders.