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.

Sungold Media & Entertainment Limited, a company listed on the Bombay Stock Exchange, has announced plans for a significant expansion of its business activities. The Board of Directors, in a meeting held on August 1, 2025, approved amendments to the company's Memorandum of Association (MOA), subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Proposed Business Expansion

The company is set to diversify its operations into several new sectors, including:

1. Beverages: Manufacturing and distribution of alcoholic and non-alcoholic drinks, mineral water, and soft drinks.
2. Food Products: Production and processing of organic and inorganic foods, canned and packed foods.
3. Pharmaceuticals: Development and marketing of drugs, medicines, healthcare products, and medical instruments.
4. Agriculture: Farming, crop production, and processing of agricultural produce, including wheat, millets, and pulses.

These additions to the company's main objects clause represent a substantial shift from its current focus on media and entertainment.

Key Details of the Proposed Amendments

The Board has approved the addition of five new sub-clauses to the Main Object Clause of the MOA. These new clauses outline the company's intentions to:

• Manufacture and distribute various types of beverages, including aerated water, fruit drinks, and milk products.
• Engage in the production and marketing of food products, including organic and inorganic foods.
• Enter the pharmaceutical sector, covering a wide range of medical products and services.
• Participate in agricultural activities, including farming, harvesting, and processing of crops.

Annual General Meeting and Corporate Actions

In the same board meeting, several other important decisions were made:

• Approval of the Annual Report for the Financial Year 2024-2025.
• Scheduling of the 30th AGM for August 28, 2025, at 10:00 AM at the company's registered office.
• Setting the cut-off date for the AGM as August 21, 2025.
• Appointment of M/S Vineeta Patel & Co. as the scrutinizer for the AGM.

Implications and Next Steps

These proposed changes, if approved by shareholders, would mark a significant transformation in Sungold Media & Entertainment's business model. The diversification into beverages, food products, pharmaceuticals, and agriculture represents a major strategic shift for the company.

Shareholders will have the opportunity to vote on these amendments at the upcoming AGM. The company's future direction and potential for growth in these new sectors will likely be key topics of discussion among investors and market analysts in the coming weeks.

As the company awaits shareholder approval, it remains to be seen how this ambitious diversification plan will impact its operations and market position in the long term.