CIAN Agro Industries & Infrastructure Ltd has secured regulatory approval to reclassify six shareholders from its Promoter Group to the Public category, altering the composition of its promoter holding. The Bombay Stock Exchange (BSE) granted no-objection on July 29, 2026, pursuant to an application filed by the company on March 20, 2026. This reclassification means these individuals will no longer be reported as part of the promoter group in future shareholding pattern filings submitted to stock exchanges.

The move is executed under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nakul Bhat, Chief Financial Officer of CIAN Agro Industries, confirmed that the reclassification takes immediate effect. Consequently, the company will update its disclosures to reflect these shareholders as part of the public category, ensuring compliance with subsequent material event reporting requirements mandated by the regulator.

The six shareholders approved for reclassification hold a combined total of 99,785 equity shares. While their individual stakes are small, the structural shift impacts the calculated promoter holding percentage used for regulatory compliance and market transparency metrics.

Shareholders Reclassified

The following shareholders have been moved from the Promoter Group to the Public category:

Anand Shankar Kamat holds the largest stake among those reclassified, accounting for 86,985 shares or 0.31% of the total equity. The remaining five shareholders collectively hold 12,800 shares, representing less than 0.05% of the company’s total share capital.

Regulatory Compliance and Next Steps

The BSE’s approval letter, signed by Jayshree Soni, Deputy Vice President of Listing Compliance, and Sayli Jadhav, Deputy Manager of Listing Compliance, directs CIAN Agro Industries to ensure ongoing compliance with relevant disclosure norms. The company must report this change in its next periodic shareholding pattern filing under Regulation 31 of the SEBI Listing Regulations.

This reclassification does not involve any transfer of shares or change in beneficial ownership; it solely changes the categorization of existing holdings for reporting purposes. Such adjustments are common when promoters exit active management roles or when family members divest control interests, though the specific rationale for these six individuals was not detailed in the exchange filing. The National Securities Depository Limited and Central Depository Services Limited were copied on the communication to ensure depository records align with the new classification.

CIAN Agro Industries & Infrastructure Ltd has received requests from four promoter shareholders to withdraw their applications for reclassifying their shareholding from the promoter category to the public category. The withdrawal, communicated to the Bombay Stock Exchange on June 17, 2026, impacts a total holding of 1,02,000 equity shares, representing 0.3655% of the company's paid-up share capital. The decision follows an earlier corporate announcement dated March 13, 2026, wherein the company had intimated the exchange regarding the initial requests for reclassification under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company stated that the requests for withdrawal were received from MM Activ Sci-Tech Communications Private Limited, Uday Amrut Lambat, Dattatraya Balaji Kalamkar, and Keshao Bhaskarrao Chandle. Consequently, these shareholders will continue to hold their shares within the promoter group category. The reclassification process, which had been initiated earlier, will now be halted for these specific entities.

Reasons for Withdrawal

The legal heirs of two deceased promoters, Vandana Uday Lambat and Charulata Dattatraya Kalamkar, withdrew their requests citing the pending completion of the transmission of shares. They noted that Regulation 31A of SEBI (LODR) requires the transmission process to be completed and the name of the legal heir to be reflected in the shareholding pattern before a reclassification application can be made by the legal heir. Similarly, Suniti Kesharao Chandle, the legal heir of Late Keshao Bhaskarrao Chandle, provided the same reasoning for withdrawing the request.

MM Activ Sci-Tech Communications Private Limited withdrew its request due to non-fulfillment of conditions specified in Regulation 31A(3)(b)(ii) and (iv) of the SEBI (LODR) Regulations. The entity did not specify which conditions remained unmet but confirmed its intention to continue as a promoter of the company.

Shareholding Details

The following table details the shareholding of the promoters who have withdrawn their reclassification requests:

The company has requested the exchange to place the withdrawal information on record and acknowledge the receipt of the intimation. The filing was submitted by Madhubala Dave, Company Secretary & Compliance Officer of CIAN Agro Industries & Infrastructure Ltd.