Sungold Media & Entertainment Limited has received approval from BSE Limited for a significant change in its shareholder classification. The company announced that M/S Shree Krishna Infrastructure Limited has been reclassified from the 'Promoter Group' category to the 'Public' category.

Key Details of the Reclassification

Implications and Compliance

The reclassification marks a shift in the ownership structure of Sungold Media & Entertainment Limited. Despite the change in category, it's noteworthy that M/S Shree Krishna Infrastructure Limited currently holds no shares in the company, representing a 0% stake.

BSE has mandated that Sungold Media & Entertainment ensure compliance with subsequent relevant disclosures related to this reclassification. These disclosures should be made in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015.

The company has stated that information regarding this reclassification will be available on its official website at https://sungoldmediaent.com/ .

This corporate action reflects the dynamic nature of shareholding patterns in publicly listed companies and underscores the importance of transparent communication with regulatory bodies and shareholders alike.

Sungold Media & Entertainment Limited's Board of Directors has approved a significant change in its shareholder classification during a board meeting held on September 30, 2025. The board has given the green light to reclassify Shree Krishna Infrastructure Limited from the 'Promoter Group' category to the 'Public' category.

Reclassification Details

The decision comes in response to a request letter dated September 19, 2025, from Shree Krishna Infrastructure Limited. This reclassification is subject to necessary approvals from the stock exchange, particularly BSE Limited, where Sungold Media & Entertainment is listed.

Regulatory Compliance

The board has confirmed that Shree Krishna Infrastructure Limited meets all regulatory requirements for this reclassification, as stipulated under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These requirements include:

• Holding less than 10% of the fully paid-up equity share capital and voting capital of Sungold Media & Entertainment
• Not exercising control over the affairs of the company, directly or indirectly
• Having no special rights through formal or informal agreements
• No representation on the Board of Directors
• Not acting as key managerial personnel in the company

Board Meeting Details

The board meeting where this decision was made took place at the company's registered office located at 102, 1st Floor, 36, Shri Rang Residency, Vadia, Rajpipla, Narmada, Gujarat, 393145. The meeting commenced at 11:00 AM and concluded at 11:30 AM.

Next Steps

Sungold Media & Entertainment Limited will now proceed with the necessary applications to obtain approval from BSE Limited for this reclassification. The company has assured compliance with all conditions stipulated under the SEBI LODR Regulations for such reclassifications.

Management Statement

Bhavya Devang Maniyar, Company Secretary and Compliance Officer of Sungold Media & Entertainment Limited, has signed off on the board resolution, confirming the decision and the company's commitment to following all regulatory procedures in this matter.

This move represents a significant change in the company's shareholder structure and is expected to be closely watched by investors and market analysts alike.