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.

Sungold Media & Entertainment has received a formal request from Shree Krishna Infrastructure Limited to be reclassified from the 'Promoter & Promoter Group' category to the 'Public' category, as per the latest corporate filing.

Reclassification Request Details

Shree Krishna Infrastructure Limited, currently listed as part of the promoter group for Sungold Media & Entertainment, has submitted a request dated September 19, seeking reclassification under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that it holds zero equity shares in Sungold Media & Entertainment, representing 0.00% of the shareholding.

Rationale for Reclassification

In its request, Shree Krishna Infrastructure Limited has stated several key points:

• No association with Sungold Media's business operations
• No influence over business decisions
• No involvement in day-to-day activities of the company
• Holds less than 10.00% of the total voting rights
• No control over company affairs, directly or indirectly
• No special rights or board representation
• Not acting as key managerial personnel

Regulatory Compliance

The reclassification request aligns with SEBI regulations, which allow for such changes when certain conditions are met. Shree Krishna Infrastructure Limited has confirmed its compliance with the necessary requirements, including:

• No pending regulatory actions
• Commitment to comply with conditions mentioned in SEBI LODR Regulations
• Agreement to adhere to specific conditions for at least three years post-reclassification

Next Steps

For the reclassification to proceed, the following steps are required:

1. Approval from Sungold Media's Board of Directors
2. Presentation to the company's shareholders
3. Submission of the requisite application to the stock exchanges

Sungold Media & Entertainment will need to follow these procedures to process the reclassification request in accordance with SEBI regulations.

The move, if approved, would alter the company's shareholding structure, potentially impacting its public float and investor perception. Shareholders and potential investors are advised to monitor further announcements regarding the progress of this reclassification request.