Shree Krishna Infrastructure Limited has informed the Bombay Stock Exchange that it received a request from Prashant Natwarlal Lakhani to reclassify his holding status from the Promoter category to the Public category. The move is governed by Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company stated that Lakhani currently holds 0 equity shares, representing 0.00% of the paid-up share capital. The request was submitted via letter dated August 31, 2026.

Reclassification Details

The intimation outlines the specific changes in shareholder classification pending necessary approvals.

The post-classification status is subject to approval by the Board of Directors, shareholders, and BSE India Limited. The company confirmed that necessary steps will be undertaken in compliance with Regulation 31A(8) of the Listing Regulations.

Regulatory Compliance and Undertakings

In his request letter, Lakhani confirmed that he and related persons do not hold more than ten percent of voting rights, exercise control over the company’s affairs, or hold special rights through shareholder agreements. He further stated that he is not part of the Board of Directors nor does he hold any key managerial personnel position within the firm.

Lakhani also affirmed that he is neither a willful defaulter as per Reserve Bank of India guidelines nor a fugitive economic offender. He undertook to continue complying with these conditions post-reclassification to avoid automatic reversion to the Promoter category. Additionally, he confirmed no violation of restrictions under SEBI Circular no. SEBI/HO/MRD/DSA/CIR/P/2017/92 dated August 1, 2017, or provisions of Regulation 34 of the SEBI (Delisting Regulations) 2009.

Shree Krishna Infrastructure Limited proposes to appoint Mr. Mahesh Singh as a Non-Executive Independent Director, subject to the approval of the Board of Directors and shareholders. The company previously approved a rights issue to raise funds and increased its authorised share capital to bolster its capital structure. These developments follow a board meeting held on July 08, 2026, at the registered office.

The proposed appointment of Mr. Mahesh Singh (DIN: 11814569) is contingent upon necessary approvals under the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Singh is a professional in the trading industry with over seven years of experience in product sales, brand establishment, and business development. He possesses expertise in online sales strategies and marketplace expansion.

During the meeting on July 08, 2026, the board approved increasing the authorised share capital from ₹12,50,00,000 to ₹40,00,00,000, divided into 4,00,00,000 equity shares of ₹10 each. This alteration requires shareholder consent and subsequent changes to the Memorandum of Association of the Company.

The board also sanctioned a proposal to raise funds through a rights issue involving equity shares. The specific terms, including issue size, rights entitlement ratio, issue price, and record date, will be finalized at a subsequent board meeting. The issuance is subject to statutory and regulatory approvals.

Key Board Approvals and Proposals

The meeting was attended by directors, including Anil Shiv Charan Singh. The company disclosed that Mr. Patel holds no shareholding in the company and is not related to any other director.