Kaizen Agro Infrabuild Limited , a company listed on the Bombay Stock Exchange (BSE), has received approval for the reclassification of five individuals from the Promoter/Promoter Group category to the Public category. The approval, granted on September 18, 2025, marks a significant change in the company's shareholding structure.

Reclassification Details

The BSE has given its no-objection for the reclassification of the following individuals:

1. Naresh Kumar Agarwal
2. Dinesh Agarwal
3. Santosh Devi Agarwal
4. Pallavi Agarwal
5. Nitu Kanodia

This reclassification was initiated through an application submitted by Kaizen Agro Infrabuild to the BSE on June 23, 2025. The approval comes under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Compliance Issues

While the reclassification has been approved, the BSE has also issued a warning letter to Kaizen Agro Infrabuild for a compliance lapse. The company failed to disclose the submission of the reclassification application within the mandated 24-hour timeframe. According to the BSE:

• The reclassification application was submitted on June 23, 2025
• The required disclosure was only made on September 06, 2025

This delay in disclosure is a violation of Regulation 31A(8)(c) of the SEBI Listing Regulations, which requires companies to disclose such applications within 24 hours of submission.

BSE's Warning

In its warning letter, the BSE stated:

"The aforesaid non-compliance on your part is viewed seriously. You are hereby advised to be careful in future, exercise due caution and initiate corrective steps to avoid recurrence of such lapses so as to ensure due compliance with the Exchange circulars/guidance/communications."

The exchange has instructed Kaizen Agro Infrabuild to:

1. Disseminate a copy of the warning letter on the stock exchanges where it is listed
2. Present the warning letter to its Board of Directors
3. Inform the BSE about the corrective measures taken to prevent such lapses in the future

Company's Response

In response to the approval and warning, Nikita Rateria, Company Secretary of Kaizen Agro Infrabuild, stated, "The Company reiterates that it shall ensure adequate diligence and compliance with the applicable provisions of the SEBI regulations henceforth."

This development underscores the importance of timely disclosures and strict adherence to regulatory requirements in the Indian stock market. It also highlights the ongoing efforts of regulatory bodies to maintain transparency and protect investor interests in the securities market.

Kaizen Agro Infrabuild Limited , a diversified company with interests in tea, agro, and infrastructure sectors, has reported a significant turnaround in its financial performance for the first quarter. The company's board of directors approved the unaudited financial results in a meeting held on August 5.

Financial Highlights

• Net Profit: ₹35.97 crore, compared to a net loss of ₹16.45 crore in the same quarter last year
• Total Income: ₹555.77 crore, up from ₹101.83 crore in the previous year's quarter
• Earnings Per Share (EPS): ₹0.07, improved from a loss of ₹0.03 per share in Q1 of the previous year

Segment-wise Revenue Breakdown

Kaizen Agro Infrabuild's operations are divided into multiple divisions, each contributing significantly to the company's total income:

Operational Performance

The company's total expenses for the quarter stood at ₹519.79 crore. This includes:

• Purchase of stock-in-trade: ₹441.42 crore
• Employee benefits expense: ₹9.86 crore
• Depreciation and amortization expenses: ₹2.07 crore

Balance Sheet Stability

Kaizen Agro Infrabuild's paid-up equity share capital remained stable at ₹5,141.49 crore, indicating no changes in the company's equity structure during the quarter.

Auditor's Review

M.K. Kothari & Associates, the statutory auditors of the company, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Conclusion

The significant improvement in financial performance suggests that the company's diversified business model and operational strategies have yielded positive results in the first quarter. Kaizen Agro Infrabuild's ability to turn a loss into a substantial profit within a year demonstrates resilience and effective management of its diverse business segments.

Note: All financial figures are based on the unaudited results as reported by the company.