Application for Reclassification under Reg 31A of SEBI(LODR) Reg, 2015
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CIAN Agro Industries & Infrastructure Ltd has submitted an application to BSE on March 20, 2026, seeking approval for reclassification of certain shareholders under Regulation 31A of the SEBI Listing Regulations. The company's Board of Directors had approved the reclassification proposal on March 19, 2026, and the formal application was filed the next day. The filing was made by Madhubala Dave, Company Secretary and Compliance Officer. The company has not disclosed the names of the shareholders being reclassified or whether they are moving from promoter to public category or vice versa.
Reclassification requests can affect the promoter shareholding of the company, which may influence governance and control structure. The stock price impact is likely minimal in the short term as the outcome is still subject to BSE and SEBI approval.