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.

CIAN Agro Industries & Infrastructure Ltd has announced a strategic collaboration agreement with CSC Healthcare & Wellness Services Limited, executed on December 27, 2025. This partnership represents a major milestone in the company's healthcare division expansion, aligning with its vision to provide accurate, timely, and patient-centered laboratory services for improved healthcare solutions.

Collaboration Details

The agreement establishes a framework for providing pathology investigation services through CSC Healthcare's laboratory facilities located in Telangana. The collaboration operates under the technical and quality standards prescribed for the "Construction Worker Health screening" initiative in Telangana, targeting healthcare services for construction workers in the region.

Agreement Terms and Structure

The collaboration agreement encompasses several key components designed to ensure effective partnership execution. The primary terms include:

• Healthcare services provision
• Intellectual property sharing arrangements
• Indemnity clauses
• Duration specifications
• Arbitration procedures
• Termination conditions
• Comprehensive confidentiality provisions

Notably, the agreement does not grant special rights to either party, including:

• Right to appoint directors
• First right to share subscription in case of share issuance
• Right to restrict changes in capital structure

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CIAN Agro Industries confirmed that neither party to the agreement is related to promoters, promoter groups, or group companies in any manner, ensuring the transaction does not fall within related party transaction categories.

Strategic Impact

This collaboration strengthens CIAN Agro Industries' healthcare division capabilities while supporting the Construction Worker Health screening initiative in Telangana. The partnership leverages CSC Healthcare's established laboratory infrastructure and technical expertise to deliver specialized pathology services, positioning both companies to serve the healthcare needs of construction workers in the region.

The agreement reflects CIAN Agro Industries' commitment to diversifying its business portfolio beyond its traditional agro-industrial operations, expanding into healthcare services through strategic partnerships that enhance service delivery capabilities and market reach.