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The following table details the shareholding of the promoters who have withdrawn their reclassification requests: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

CIAN Agro Industries & Infrastructure Limited reported its audited financial results for the quarter and year ended March 31, 2026. The company posted a consolidated revenue of ₹2,23,446.57 lakh for the financial year, while standalone revenue stood at ₹41,475.05 lakh. The Board of Directors approved the results at a meeting held on May 25, 2026, and the audited financial results were published in the Financial Express and Loksatta on May 27, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015.

The statutory auditor, P. G. Joshi & Co. LLP, issued an unmodified opinion on the standalone and consolidated financial statements. The auditor emphasized several matters, including the impairment assessment of the refinery as a Cash Generating Unit (CGU) and investments in unquoted equity instruments carried at cost. The auditor also noted that the financial statements of Shubhada Tool Industries Private Limited were not consolidated following the approval of a resolution plan by the National Company Law Tribunal (NCLT).

The company reported a net profit attributable to owners of the company of ₹6,507.48 lakh on a consolidated basis for the year. Standalone net profit for the year was ₹71.52 lakh. The total comprehensive income for the consolidated period was ₹6,507.48 lakh. The company’s total assets as per the consolidated balance sheet stood at ₹4,24,466.47 lakh as of March 31, 2026.

The auditor identified material weaknesses in the internal financial controls over financial reporting, specifically the non-maintenance of a properly defined risk matrix and documented processes for recording and monitoring purchases, sales, and inventory. Despite these weaknesses, the auditor stated that the internal financial controls were operating effectively in all material respects, though they require further strengthening.

The company’s subsidiaries include CIAN Agro LLC Limited, Manas Power Ventures Private Limited, and Ideal Energy Projects Limited, among others. The consolidated results are not comparable with the previous year due to the acquisition of subsidiaries during the current financial year. The company assessed the impact of the New Labour Codes enacted on November 21, 2025, and stated it does not expect a material impact on the financial statements for the year.

Financial Results (Consolidated)

Financial Results (Standalone)